3 questions lodged at the 2022 Ausnet takeover meeting
February 14, 2022
The following 3 questions were lodged at the Ausnet takeover meeting held on January 28, 2022. The first was ignored but the other two were duly read out and answered.
1. Could each of the two State Grid nominees on the Ausnet
board please explain to shareholders what was the deliberation process in
determining how State Grid will vote and why State Grid is still yet to give
any indication of its intentions.
2. Based on the proxies
lodged with a 99% vote in favour and a 77% turnout, is it correct to therefore
conclude that State Grid does not control enough votes to defeat the scheme,
assuming there is no material revocation of proxy votes.
3. A 97% turnout by way of proxy, excluding the 20% stake held
by State Grid, is remarkably high. Could the chair please detail the scale of
the proxy solicitation campaign that was run to achieve such a high turn out.
state capture
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