Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

Free
Message: Re: AGM, no AGSM
8
May 26, 2016 03:11AM
8
May 26, 2016 09:32AM
3
May 26, 2016 09:44AM

I'm sorry, but as I understand it, management has until the AGM to act on the consolidation motion from last years AGSM. if no action by then, or no subsequent request to extend the time for consolidation, it is off the table.

From the management info circular May 12, 2015....... "bold" is mine.

Approval of Consolidation of the Company’s Shares................

......"at any time prior to the next annual meeting of Shareholders. Notwithstanding approval of the proposed Consolidation by shareholders, the Board, in its sole discretion, may revoke the special resolution and abandon the Consolidation without further approval or action by or prior notice to shareholders. The Board has not yet determined whether it will in fact complete the Consolidation or, if there is a Consolidation, that the ratio will be in the maximum amount for with authorization requested.

3
May 26, 2016 09:56AM
10
May 26, 2016 10:05AM
17
May 26, 2016 10:06AM
4
May 26, 2016 10:15AM
40
May 26, 2016 11:45AM
3
May 26, 2016 01:03PM
6
May 26, 2016 02:41PM
32
May 26, 2016 05:28PM
2
May 26, 2016 05:31PM
13
May 26, 2016 05:42PM
Share
New Message
Please login to post a reply