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Easdale's influence falls 6%


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Grant Russell ‏@STVGrant

 

Blue Pitch Holdings decline to confirm whether they've withdrawn their proxy from Sandy Easdale. Say they want to buy more shares.

 

Blue Pitch Holdings also declining to confirm or deny whether they will vote in Dave King's favour today.

Edited by Frankie
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can you explain what that means ?

 

ta

 

At the moment, any issue of shares has to go to existing shareholders in their existing percentages.

 

To allow a share issue to be open beyond that needs 75% vote, and has been voted against at the last 2 AGMs. It's therefore not possible for King to have a share issue next month and for him to take all the shares

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Grant Russell ‏@STVGrant

 

Blue Pitch Holdings decline to confirm whether they've withdrawn their proxy from Sandy Easdale. Say they want to buy more shares.

 

Blue Pitch Holdings also declining to confirm or deny whether they will vote in Dave King's favour today.

 

Maybe they withdrew their proxy to vote against king.

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