Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Hope you have all voted. Easy on H&L site. Had to vote against the crazy renumeration package. Need a better SP performance rather than a continual downtrend before they can be earning that sort of money. Why o why they mentioned consolidation days before the well test is beyond me. Almost like they want the SP to fail. Also the wording on the rns for flow result was a little poor and open to conjecture. We need a proper O&G person to head this, not an accountant.
I voted against. I thought his remuneration was high before the results and would have expected he was a bit more humble now that the SP is dwindling away. He is on more than the average for a company of this size, his total potential being 137% above the industry average. I have always said that it doesn't matter what someone earns as long as they produce the goods, he hasn't.
I didn't realise until recently that AG was the finance guy before being head, but he has other directors there who are OG men so you would expect they would keep him on the straight and narrow. I voted for them to keep their post as we need experience in the team.
Maybe AG is one of these bosses who just doesn't listen to anyone under as he is the decision maker.
12:24
Understand what you are saying, will be interesting to see if sufficient shareholders have voted to give a bloody nose or two.
Hi Never & Brom - I’ve just been on the HL website and submitted my votes (with as you say an Against the Remuneration Proposals) but whilst the site seemed to suggest the cut-off date for voting was 29th April - I submitted my votes and they seemed to be accepted with a confirmation email sent to me, so fingers crossed they count!! They deserve to get a shock on blind acceptance of their remuneration as the SP needs lifting and they need to word RNS’s better to get my support!!
Just received an email today from BOS (Halifax) saying my vote not registered as the cut off was 3rd May. I have sent them a copy of the proxy which stated 11th. Not a great service.
Yes Red as far as I am aware the cut off was extended. Think maybe to the 12th, but don't quote me on it.
Where is it on the HL website? I’ll certainly be voting against remuneration. The guy should be embarrassed to have shareholders voting on that
Hi Rorinho - you firstly have to login on the HL website (link provided below) NOT via the HL APP - then once you’re on the Home Page look down the right hand side for Shareholder Meetings. Look for 88E and click on them where it shows the green arrow for Give Instructions and then you’re away. You will need to answer the proposals individually if you wish to click Against on the Remuneration Proposals but that’s your choice of course. Hope this helps: -
https://online.hl.co.uk/my-accounts/login-step-one
Redirons,
Thanks - just voted.
16:53
See below* cut off date for RECEIPT was 8th May so looks as if brokers (with a bank holiday Monday in mind) have set quite early cut offs, I tend to vote fairly early just in case.
* I am assuming this is the procedure for most UK brokers.
United Kingdom (CREST Voting Instruction)
DI Holders in CREST may transmit voting instructions by utilising the CREST voting service in
accordance with the procedures described in the CREST Manual. CREST personal members or other
CREST sponsored members, and those CREST members who have appointed a voting service
provider, should refer to their CREST sponsor or voting service provider, who will be able to take
appropriate action on their behalf.
In order for instructions made using the CREST voting service to be valid, the appropriate CREST
message (CREST Voting Instruction) must be properly authenticated in accordance with Euroclear’s
specifications and must contain the information required for such instructions, as described in the
CREST Manual (available via www.euroclear.com/CREST).
To be effective, the CREST Voting Instruction must be transmitted so as to be received by the
Company’s agent (3RA50) no later than 4:00pm (BST) on Wednesday, 8 May 2024. For this purpose,
the time of receipt will be taken to be the time (as determined by the timestamp applied to the
CREST Voting Instruction by the CREST applications host) from which the Company’s agent is able
to retrieve the CREST Voting Instruction by enquiry
Vote No!
From Australia chat site!
How to Vote thanks from docmin24
VOTING AT AGM
Res 1 - NO - we have to strike this we need over 25%...
Res 2 - NO - he must go imo and SP 4.9c to 0.003 since being here and still bought no shares, times up and supported the release of consol prior to this flow test which was a massive error in judgement imo... SP well and truly damaged during this flow imo....
Res 3 - Yes, not important
Res 4 - NO - No more free performance shares, when SP smashed from 4.9c to 0.003c...
Res 5 - 50-50 Yes/No - will feedback after I investigate further.
Res 6 - Yes, not important
Sorry Sparkzz but you can’t join the LSE in March 24 and then come on here telling everybody what to vote - everyone should make their own mind up.
Nice to know there is a groundswell of action and prepared to show their disappointment, even as far as on the company doorstep
Vote for what?for more placing to come?
Far as I know pacing was done
666 you know where the exit is, I suggest you use it.
GLA ATB DYOR
PANR market value 5x 88E, with PANR having 1B shares to 88E 29B, yet the PANR SP is 200x 88E (all approx).
I think PANR is vastly overpriced compared to 88E especially when you compare potential.
PANR can only survive if they go massively into further debt or have a huge dilution to carry on the work needed and pay off the debt. It will happen soon and I reckon 50-100% dilution, yet even that leaves PANR sp 100x 88E so a market adjustment after the dilution likely, or a hefty discount on the dilution.
I wonder what the year end value will be after all that?