21st May 2008 07:22
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ALBIDON LIMITED |
Level 1 |
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62 Colin St |
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West Perth 6005 Western Australia ARBN 107 288 755 Tel:+6189211 4600 Fax: +6189211 4699 Email:[email protected] ASX Code: ALB AIM Code: ALD |
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21 May 2008
Addendum to Notice of Annual General Meeting Dated 2 May 2008
Albidon will hold its Annual General Meeting on 29 May 2008 at 11:00 am, at the Kings Park Function Room 1, Kings Park Function Centre, Frasers Avenue, West Perth in Western Australia.
The Company wishes to correct an error in the Notice of Annual General Meeting that stated that "all Directors" recommend that shareholders vote in favour of Resolution 5 (as noted below). The Notice should have read that "a majority" of Directors recommend that shareholders vote in favour of Resolution 5.
This Addendum forms part of the Notice of Annual General Meeting dated 2 May 2008 and should be read in conjunction with the instructions and notes, including as to proxies and voting, set out in that Notice.
Resolution 5 - Grant of Options to Managing Director
To consider and if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:
"That, for the purposes of Listing Rule 10.11 of the Listing Rules of ASX Limited and for all relevant purposes, approval is given for the Company to grant 500,000 Options to Mr Dale Clark Rogers (or his nominee) each exercisable at AUD$3.22 and expiring on or before 1 December 2011, and otherwise on the terms and conditions set out in the Explanatory Memorandum accompanying this Notice."
Short Explanation: The ASX Listing Rules require the Company to seek shareholder approval prior to the issue of equity securities to a related party. Mr Rogers as a Director is a related party of the Company.
Voting Exclusion - The Company will disregard any votes cast on this Resolution by Mr Rogers and any person associated with Mr Rogers. However, the Company need not disregard a vote if it is cast by a person as proxy for a person who is entitled to vote, in accordance with the directions on the proxy form or it is cast by the person chairing the meeting as proxy for a person who is entitled to vote, in accordance with a direction on the proxy form to vote as the proxy decides.
If you have any queries please contact the Chief Financial Officer, Nicholas Day or Managing Director, Dale Rogers on +61 8 9211 4600 or email [email protected].
Albidon's nominated adviser is RFC Corporate Finance Ltd, contact Stephen Allen +61 8 9480 2500.
Additional information may also be viewed on Albidon's website at www.albidon.com
Related Shares:
ALD.L