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No AGM notice yet. Nearly two weeks late compared to last year.

 

Will shareholders be asked to vote on the MBO as part of the "strategic review"? Dad's holding won't be able to be voted since they will be a related party.

 

The longer it goes on for, the more it looks like trouble at mill.

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From the NZ Companies Act. Target month is September at the latest. Most likely August. Just like the HK dairy company I follow said it would be.

 

Company's constitution probably requires a two week notice period.

 

The board of a company must call an annual meeting of shareholders to be held—

(a)

not later than 6 months after the balance date of the company; and

(b)

not later than 15 months after the previous annual meeting.

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On June 21, nominations for directors were closed off. Then they announce a takeover bid occurred but didn't divulge details. Instead Junior says they will conduct a strategic review. In the meantime, Dimon n Co. have been pulling their Harry Houdini tricks. Fair to surmise the takeover party is Dimon n Co.

 

AGM notice is not forthcoming. But as far as director nominations are concerned, the AGM cannot be held sooner than two months after the closing date for director nominations and no later than three months.

 

That means the earliest, we can expect the MBO motion is early September due to the two week notice provision.

 

So, settle in and watch the Olympics because not much is going to happen in the meantime.

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Junior really going all out on the hard sell with todays presentation.

 

Except its disingenuous from the ber beginning where they list the time line of their history. There was a fourth wheel in the mix. The actual IP founders. They their asses used, went broke and got buried by Junior, Dad and the rest of the drinking gang.

 

Now they turn up trying to hock it all off.

 

I want to see the AGM notice.

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Sorry for the typos. It should read:

 

Except its disingenuous from the very beginning where they list the time line of their history. There was a fourth wheel in the mix. The actual IP founders. They got their asses sued off, went broke and got buried by Junior, Dad and the rest of the drinking gang.

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