AWB VOTE TO CHANGE THE CONSTITUTION.
Your WGAG committee has studied what the proposed changes to AWB Limited Constitution will mean to you as a wheat grower.
The committee unanimously agrees that removing ARTICLE 2 in their opinion will not be in the grower’s best interest.
Removing ARTICLE 2 sets off a chain reaction that will extinguish your A Class share holder rights resulting in:
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• Total loss of A Class shares for no gain.
• Will take away grower control.
• The company will be highly susceptible to take over by other companies.
• The intellectual property built up over 60 years, will be used to benefit the companies dividends and not necessarily grower returns.
• Under AWB LTD’s new constitution AWB will no longer be required to maximize grower returns or minimize costs.
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You may have noted that Grain Corp, in February this year redeemed it’s dual Class share holding. Within two days of this meeting, Grain Corp shares reached $13.75, and have now plummeted to about $8.00.
On the other hand, the majority of A Class Directors have opposed the restructure hence, more than a 40% increase in AWB share value.
We believe it is in:
your best interest to vote against the resolutions.
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FAX YOUR VOTES TO 1800 800 053 BY 2pm (EST), TUESDAY THE 19TH OF AUGUST 2008 TO BE ELIGIBLE!
End.
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AURTHORIZED BY WHEAT GROWERS ACTION GROUP.
Peter Cannon WGAG Chairman.
0268697634 / 0428697634.
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Tags: AWB, Grain Corp, Peter Cannon, WGAG
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