RE:Franklin Resources Inc sold 8.6 mil shares
You are correct, things have changed since April 7, 2015 - they now hold 13.66% which I would not consider throwing under the bus.
This still doesn’t disclaim the fact that LRE major institution ownership is over 40% & increased dramatically in Jan./15 with Franklin Resources making a major acquisition. More interesting is where these common shares went.
VOTING SHARES AND PRINCIPAL HOLDERS THEREOF
As at April 7, 2015, there were 193,498,465 Common Shares issued and outstanding, each such share carrying the right to one vote on a ballot at the Meeting. A quorum for the transaction of business at the Meeting will be present if there are not less than two persons present at the Meeting holding or representing by proxy not less than 5% of the shares entitled to be voted at the Meeting. The Board has fixed the Record Date for the Meeting at the close of business on March 31, 2015.
To the knowledge of the directors and executive officers of the Company, as at April 7, 2015, no person or company beneficially owned or controlled or directed, directly or indirectly, voting securities of the Company carrying more than 10% of the voting rights attached to any class of voting securities of the Company other than as set forth below:
| Name and Address |
Number of Voting Shares |
Percentage of Class
(%) |
Sprott Resource Partnership
Toronto, Ontario |
23,000,000 Common Shares |
11.9% |
Franklin Resources, Inc.
San Mateo, California |
35,044,100 Common Shares |
18.1% |
Note:
(1) Based on information provided by, or in public filings made by, the above entities and as at the date of the last public filing of information provided by such entities.
Franklin Resources, Inc. has disclaimed any beneficial ownership of the Common Shares which are held for funds and managed accounts (the "Accounts") and has indicated in such public filings that each individual investment manager maintains discretionary authority to exercise investment control or direction over the shares held for the Accounts as beneficial owners.
[PDF]Info Circ 2015 AGM - Long Run Exploration
www.longrunexploration.com/upload/.../information-circular-final.pdf
Apr 7, 2015 -
Franklin Resources, Inc. has disclaimed any beneficial ownership of the Common
Shares which are held for funds and managed accounts (the ...
Results from the 2015 Shareholder Meeting
Long Run Exploration Ltd. May 7, 2015 6:00 PM
CALGARY, ALBERTA--(Marketwired - May 7, 2015) - Long Run Exploration Ltd. ("Long Run" or the "Company") (
LRE.TO) announces the results of voting on the election of directors at its annual and special meeting of shareholders of Long Run held on May 7, 2015 in Calgary, Alberta (the "Meeting"). Each of the nominee directors recommended by management and listed in the Corporation's information circular and proxy statement dated April 7, 2015 was elected as a director for a term that expires at the next annual meeting of shareholders. The voting results for each individual director are set forth below:
|
Votes For |
Votes Withheld |
| Nominee |
# |
% |
# |
% |
| William E. Andrew |
61,745,421 |
90.82 |
6,239,093 |
9.18 |
| John A. Brussa |
60,029,878 |
88.30 |
7,954,636 |
11.70 |
| Edward Chwyl |
60,883,726 |
89.56 |
7,100,788 |
10.44 |
| Michael M. Graham |
62,224,874 |
91.53 |
5,759,640 |
8.47 |
| Dale A. Miller |
61,843,234 |
90.97 |
6,141,280 |
9.03 |
| Bradley R. Munro |
63,584,620 |
93.53 |
4,399,894 |
6.47 |
| William Stevenson |
62,130,018 |
91.39 |
5,854,496 |
8.61 |
| Stephen M. Yuzpe |
63,955,835 |
94.07 |
4,028,679 |
5.93 |