RE: Voting/AGM24 Jun 2019 20:24
LIION for the last three years , at least, the Directors have sought & obtained shareholders approval to have the flexibility to increase the shares in issue by 10%. It is a sensible defence or attack mechanism which is unlikely to be used given the company’s current cash flows. However if a golden opportunity does make that eventuality justifiable & either speed or “under the radar” being necessary in that event then the BoD can go about their business unannounced & with rapidity.