The MC Payment shareholder said, “when I retrieved the form from Tricor, I discovered that the proxy form included votes in favour of resolutions 1,3, 5 to 9, but votes against resolutions 2 and 4.”
A shareholder with several million MC Payment shares is upset that a proxy form which was signed by the shareholder was used to oust directors from the board at an AGM held on April 28. “I did not indicate any votes for or against the resolutions in the proxy form as I thought the AGM was just to adopt the company accounts. I did not know I had to indicate my votes on the form,” the shareholder griped.
This is not unusual as shareholders have often been asked for proxies, for proxy form holders to observe AGMs, and many have not indicated how they would want the proxy holders to vote. Almost never would proxy holders vote against shareholders’ wishes.
