Hong Kong billionaire Samuel Tak Lee is attempting to rally shareholders to join him in voting against several resolutions due to be proposed at Shaftesbury’s annual general meeting this week.
A statement from the circa 26% shareholder setting out his position and asking fellow investors to vote against resolution 18, 19 and 20 is being circulated at Tak Lee’s request, according to a statement from Shaftesbury today.
Tak Lee has confirmed he will vote against resolution 18, which authorises the firm’s directors to allot shares in the capital of the company, according to a Shaftesbury statement.
He will also vote against resolutions 19 and 20, which allow the directors to allot shares in certain circumstances on a non pre-emptive basis.
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