RF vote for AGM

[BlueMazza 0]

Can someone help me out?

 

I'm assuming all the resolutions put forward are from the Board and therefore [generally speaking] we are FOR?

 

I'm not sure on these though:

To authorise the Directors to allot relevant securities on the basis set out in the Notice
To authorise the Directors to dis-apply the pre-emption rights in respect of relevant securities allotted pursuant to Resolution 9 on the basis set out in the Notice
To amend the Company's articles of Association by inserting an additional article in the terms set out in the notice?

 

There's one about paying auditors too, I assumed that was standard?

 

Sorry if any of these are actually really obvious, I just don't like voting for something when i'm not sure it makes sense to me!

Edited November 17, 2015 by BlueMazza

[forlanssister 3,114]

There's nothing to be scared of in there if you trust the board.

 

I'll be voting for all the motions.

[BlueMazza 0]

I do trust them, I just don't actually know what dis-applying of pre-emption rights actually is? I like to know what I am voting for, regardless of who is in charge.

[forlanssister 3,114]

I do trust them, I just don't actually know what dis-applying of pre-emption rights actually is? I like to know what I am voting for, regardless of who is in charge.

 

It means that when issuing new shares for cash then they don't have to issue them pro-rata to existing shareholders. Effectively means they can avoid them falling into unfriendly hands.