Q&A: Why Should I Vote AGAINST the two Resolutions?17 Mar 2025 12:35
Q: What are the two resolutions being proposed at the EGM?
A:
1. Cancellation of trading on AIM — this is the formal delisting of Synairgen.
2. Re-registration as a private limited company, adopting new Articles of Association that further reduce shareholder protections.
These resolutions, taken together, are the final step in removing shareholder rights and transparency, effectively endorsing the 2p Placing and handing control entirely to a hedge fund majority.
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Q: Why vote AGAINST if TFG already holds a majority?
A:
Because your vote still matters. A strong "AGAINST" vote becomes a matter of public record and demonstrates clearly that retail shareholders do not consent to this process. It creates a visible contrast with the 16 January 2025 EGM, where confusion and lack of transparency skewed the result.
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Q: What was wrong with the 16 January 2025 vote?
A:
• The vote was rushed through during the Christmas period, with poor shareholder engagement.
• Many shareholders were confused by the Rule 9 Waiver and voted without understanding its true implications.
• Key information was omitted or unclear in the Circular and communications.
• Some shareholders were unable to vote, or didn’t know how to do so.
This time, we must show a clear, coordinated response.
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Q: What happens if the delisting and re-registration go ahead?
A:
• The company will operate in the private shadows, with zero obligation to report financials or strategy.
• Minority shareholders will be locked in, with limited ability to sell via Asset Match.
• The hedge fund (TFG) will control everything, with no transparency and no accountability.
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Q: So, does this vote affect the 2p Placing?
A:
Yes. While the Placing was technically passed in January, these new resolutions are a second chance to publicly reject the terms under which it was done and to show we do not endorse this corporate strategy.
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Q: What message does voting AGAINST send?
A:
• A visible and undeniable record of shareholder resistance.
• Leverage to raise red flags with regulators, press and institutional partners.
• A clear message to the Company, University stakeholders, and the hedge fund: we will not go quietly.
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Q: What should I do now?
✅ Vote AGAINST both resolutions by proxy or online ASAP (before voting closes)
✅ If unsure how to vote, email us for a copy of our guide
✅ Or contact your broker if unsure how to vote
✅ Share this Q&A with other shareholders and Telegram/X groups
✅ Help make shareholder dissent loud and unmissable
✅Invite fellow shareholders to join our group: SNG.MS.Group@gmail.com
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