Tassal Group (TGR) 2016 EGM Voting Intentions

Company/ASX Code : Tassal Group Limited (TGR)
Registry : Computershare Services
Poll/Show of Hands : Poll
Webcast : No
Venue :
9.30am Computershare Function Centre
Yarra Falls, 452 Johnston St, Abbotsford
Melbourne, Victoria
Monitor : Mr John Quinn
AGM Details / NoM : Friday 4th March, 2016
ASA Position
Item 1: Approval of financial assistance in connection with the acquisition of De Costi Seafoods

Essentially, the resolution allows the inclusion of De Costi under the Tassal Group borrowing facility. The purchase of De Costi came into effect from 1 July 2015. The terms of Tassal’s borrowing facility require it to provide security over De Costi’s assets, to its banking syndicate. For this to occur, the Corporations Act requires a special resolution to be passed by shareholders. This is a normal commercial practice and the ASA intends to vote FOR the resolution.

The ASA will be unable to attend the EGM and will direct proxies to the Chairman and have asked the Chairman, on our behalf to vote undirected proxies we hold in support of the resolution.

The monitor has a shareholding in this company. 

This document has been prepared by the Australian Shareholders Association Limited ABN 40 000 625 669 (“ASA”). It is not a disclosure document, it does not constitute investment or legal advice and it does not take into account any person’s particular investment objectives. The statements and information contained in this document are not intended to represent recommendations of a particular course of action to any particular person. Readers should obtain their own independent investment and legal advice in relation to the matters contemplated by this document. To the fullest extent permitted by law, neither ASA nor any of its officers, directors, employees, contractors, agents or related bodies corporate:

  • makes any representations, warranties or guarantees (express or implied) as to the accuracy, reliability, completeness or fitness for purpose of any statements or information contained in this document; or
  • shall have any liability (whether in contract, by reason of negligence or negligent misstatement or otherwise) for any statements or information contained in, or omissions from this document; nor for any person’s acts or omissions undertaken or made in reliance of any such statements, information or omissions.

This document may contain forward looking statements. Such statements are predictions only and are subject to uncertainties. Given these uncertainties, readers are cautioned not to place reliance on any such statements. Any such statements speak only to the date of issue of this document and ASA disclaims any obligation to disseminate any updates or revisions to any such statements to reflect changed expectations or circumstances.