Post by
rjk1234 on Feb 15, 2023 5:22pm
7 0f 8 directors etc.
As Zincdink points out, the words about this appear on p. 29, second paragraph under the table. Note that it states "the Purchaser has the right to nominate the seven Trustees proposed..."
(emphasis mine). Presumably all unit holders would still have the right to vote for or against any nominees; presumably non-GC unitholders could also nominate cnadidates for the board.
Comment by
schocor on Feb 15, 2023 11:35pm
Reading this again; it says glencore (purchaser ) has the right to NOMINATE the PROPOSED directors. Shareholders can write in directors. winning a write in vote when glencore owns 25% of the voting shares is no easy feat; but the ither side has at least 25% too. quite a corporate soap opera unfolding here.