Post by
nozzpack on May 27, 2023 6:42pm
Retail Float
According to SEDI, insiders own less than 200 m shares which means that the retail float owns at least 80%.
SEDI is not always up to date , so perhaps other shareholders can provide other sources of up to date information on the number of shares held by insiders .
It has been stated on this Board that The HKEX listing of Persistence and its material implications will require the approval of the majority of arms length shareholders ( ie retail ).
If this is confirmed, there will have to be incentives for common shareholders to approve the change.
This could be as simple as a substantial increase in the share price reflecting the new rleality ,that would ingratiate shareholders or perhaps a special cash dividend .
I recall Richard as being the one who mentioned the dividend incentive.
Perhaps he can confirm the necessity of shareholder approval..