|
|
|
Shareholders reject AWB changes
13 Feb 2008
As had been anticipated, AWB's proposal to scrap its dual-class share structure has not been approved by shareholders. The proposal would have required the 75 per cent of A-class shareholders to vote for it but received only 63 per cent support. The combined yes vote from both A and B class shareholders was 88 per cent, however 75 per cent was required from each share class for the resolution to pass. AWB's chairman, Brendan Stewart, said that a majority of shareholders had shown their support for the changes so the company will press on with its reform plans and put it to another vote around June.
Sydney Morning Herald, 13/2/2008
|
|
