RE: RNS7 Oct 2022 15:24
I needed to go out so could not wait for the issue of the RNS.
I am happy that all resolutions were passed and that GGP is more derisked than ever before and that the future looks very bright.
Got to say BUT:
There were 4,572,408,501 eligible votes for the EGM . Total voted 1,681,253,793 that is 36.77%
We all knew how important Res 1 & 2 were and big efforts were made to encourage retail investors to vote. BUT the 36.77% total leaves me to believe that the voting power of retail investor now well and truely marginalised - now up to Wyloo and the IIs to decide what represents 'any low ball t/o' . That said I hope that IIs will be looking for many multiples of the 8.2p share price before they decide to sell in concert.