1. - APPROVED To receive the report of the Directors and the audited accounts for the financial period ended 31 March 2014
2. - REJECTED To re-appoint Mr. Robert B. Holland III as a director.
3. - REJECTED To re-appoint Mr. David R. Belding as a director.
4. - APPROVED To re-appoint PricewaterhouseCoopers LLP as auditors of the Company until the conclusion of the next general meeting at which accounts are laid before the Company.
5. - APPROVED To authorise the Directors to determine the auditors’ remuneration.
6. - REJECTED To ratify the share option awards made on 27 May 2014 to non-executive directors, being, 9,000,000 options in aggregate, each exercisable at an exercise price of 1.2p per ordinary share, of which one third are exercisable in equal amounts on the first, second and third anniversaries of the date of grant, with a term of four years such that any unexercised options will expire on 27 May 2018.
7. - REJECTED That the Directors be and are hereby authorised generally and unconditionally to exercise all the powers of the Company to allot Relevant Securities (as defined in the Notice of Annual General Meeting dated 28 August 2014 (the “Notice”)) up to a maximum aggregate nominal value of £43,506.10 (as described in the Notice as resolution 7 parts (a) and (b)). Special Resolutions
8. - REJECTED That the Directors be and are hereby empowered to allot equity securities (as defined in section 560 of the Companies Act 2006 (the “Act”)) for cash pursuant to the authority conferred by resolution 7 as if section 561 of the Act did not apply to such allotment, provided that this power shall be limited to allotments (a) in connection with a rights issue or other pre-emptive offer and (b) equity securities up to an aggregate nominal value of £21,753.05 (as described in the Notice as resolution 8 parts (a) and (b)).
I must say I approve of the voting for/against today. The deal from AGR is still to be voted on in October. After already getting rid of mike young, seems today they have voted to get rid of some more fat cats, who basically decided to resign if they didn't get their own way on future decisions and the share allotments ....personally think they jumped before they were pushed as AGR will not let them keep taking their fat cat salary and failing ! For the size of our market cap we have plenty enough COO CFO level people to steer max and their repayments .like the fact the shares at 1.2p to the non exec got voted against, Robert holland has done nothing for his money either.
Just read back through the posts and see you bought in a while ago. Your average is not bad and if the new funding comes in it could easily get past that level. Might buy in before the AGM. 50/50 punt for possibly a grand or two and increase if there is a positive result. Rxp is the big one for me right now. It could be huge within 12 months if things go as planned.
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