Deferred Shares29 Sep 2011 12:42
The reason shareholders didnt get anything about voting was because the Scheme documents were only sent to Crediotrs for approval and it is they who havea pproved the Scheme.
I had a read through the circulare which says that New Deferred Shares will have rights such that in practical terms they will have novalue and will not be quoted and that the Board intends to cancel the New Deferred Shares in due course.
So the deferred shares are worth nothing