OTCPK:ICPVF - Post by User
Post by
Oldfart74on Jul 13, 2021 9:35am
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Post# 33535170
The Upcoming IPL shareholder meeting
The Upcoming IPL shareholder meetingScheduled for July 29; requires the approval of two-thirds vote of shareholders at the meeting. In my opinion, it will be difficult to achieve a two-thirds approval if Brookfield and its cohorts can vote their shares. If PPL deal not approved by shareholders, Break Fee is payable to PPL.
Possible scenario:
1. IPL request court to restrict Brookfield's voting rights.
2. IPL sets a different date for meeting.