PACIFIC CURRENT GROUP LIMITED (PAC) SHAREHOLDERS ARE URGED TO VOTE AGAINST ALL RESOLUTIONS AT THE COMPANY'S 30 NOVEMBER SHAREHOLDERS MEETING
Announcement posted by ASI Mutual 13 Nov 2018
PACIFIC CURRENT GROUP LIMITED (ASX:PAC)
SHAREHOLDERS ARE STRONGLY URGED
TO VOTE AGAINST
THE COMPANY’S REMUNERATION REPORT
AT THE FORTHCOMING
SHAREHOLDERS MEETING
ASI MUTUAL A KEY PAC SHAREHOLDER
URGES SHAREHOLDERS
TO VOTE AGAINST
SELF INDULGENCE
AT THE SHAREHOLDERS MEETING
STAND UP AND MAKE YOUR VOTES
COUNT AS A MINORITY SHAREHOLDER
VOTE AGAINST
POOR GOVERNANCE
AND OBSCENE UNACCOUNTABLE
DIRECTOR AND EXECUTIVE REMUNERATION
VOTE AGAINST
WEAK AND INEFFECTIVE
BOARD LEADERSHIP
VOTE AGAINST
STRATEGIC FAILURE
AT THE
ANNUAL GENERAL MEETING
OF THE
SHAREHOLDERS COMPANY
TO BE HELD
AT 10:00am (AEDT) ON FRIDAY, 30 NOVEMBER 2018
AT THE OFFICE OF PIPER ALDERMAN
LEVEL 23, 459 COLLINS STREET
MELBOURNE AUSTRALIA
------------------------------------------------------------------
PAC’s long-term shareholder, ASI Mutual is continuing to pursue its demands for accountability over the failed Joint venture/merger with Northern Lights Capital Partners LLC, BNP Paribas Capital Partners LLC and their cohorts at Northern Lights Capital Group LLC. There may well be other shareholder protests, said ASI Mutual.
ASI Mutual also notes from PAC’s 2018 annual report to shareholders, PAC was issued with an infringement notice from the Australian Securities & Investment Commission (‘ASIC’). “ASIC raised concerns with the non-consolidation of Aurora Trust (“Aurora”) in Pacific Current’s 30 June 2017 financial report”. ASIC also stated, it was “concerned that Aurora had not been consolidated from November 2014 to April 2017 when Pacific Current had rights to variable returns of Aurora and had the ability to use its power to affect the relevant activities and returns of Aurora”. Matters for which PAC’s board is collectively responsible.
ASI Mutual urges all shareholders - to thoughtfully consider the contributions Company directors make or have made on their behalf and the quantum of value they bring to their table, when asked to employ or re-employ them.
For further shareholder or media comment, please contact:
Michael de Tocqueville
CEO-Investment Director
ASI Mutual
web: www.asimutual.com
email: mdet@asimutual.com
Mobile: Australia 0402 039 993 International +61402039993