RE: Of interest .......Of course there are plenty other fish in the sea.
But since you ask what the special resolution means, let me share what I think it means.
There are similar special resolutions for both Look and for UBS.
If passed, each resolution would allow the respective boards, in one or more occasions, to return moneys invested to shareholders of each of the companies.
Why propose these resolutions?
IMO, the dark side wants to regain control of UBS to continue raiding both UBS and Look's piggy bank.
If the dark side wins the UBS election and reinstalls a dark board at UBS , they will stop the current lawsuits against them and claim the golden parachutes and termination payments, thus practically bankrupting UBS.
With UBS's 39% ownership of Look, they can also call an election at Look, and try to get in there as well, so they can access the cash at Look for themselves.
In their wisdom, the current boards proposed these special resolutions so they can distribute the money to shareholders in case and before the dark side raids them.
This is JMHO.
In he case of Look it is unlikely the resolution will not pass because A.Silber and UBS have well over 50% of the votes.
In the case of UBS, and as I mentioned, the dark side will vote for to install their own slate and against the resolution. The resolution will only pass if retail shareholders win over the dark side's vote, and if in addition the current board of UBS is reelected, because if the dark side's board wins, they will not implement the resolution.
You will also notice that the Look meeting is before the UBS meeting,letting them pass the Look resolution even if they lose the UBSvote, which I truly hope they don't, and so preventing, should it happen, the dark side from taking all of Look's funds.
The only chance to recover at least part of what has been taken is if the current board wins the UBS election.
Please vote for the current board.