2023 VIT AGM result
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Don't let bad things happen again!!
 

We can all be very pleased with the Vitura Health (ASX:VIT) AGM outcome - I don't think I have ever seen so many Board resolutions in an AGM be voted down. Board Resolutions 1, 3, 4, 6 all voted down (note resolution 2 was withdrawn by the company).

 

The Remuneration report was clearly voted down by 57%; which has shareholders clearly making a statement that the Board has to listen too. The fact of the shareholder rejection despite the that company spent a lot of time and money promoting their resolution recommendations and securities to Executive Director Guy Headley says it all.

 

Rodney Cocks had lawful shareholder statements blocked until the days before the AGM. We are not even sure the shareholder statements arrived before the AGM. Rodney Cocks' even ordered a company to phone shareholders to vote before shareholder statements could be put out. Rodney Cocks called multiple times to major shareholders to pleading for their vote. Threatening letters were sent out to shareholders under the watch of Rodney Cocks.

 

If you were to subtract the votes of the two highest paid in the company, Guy Headley and Rodney Cocks, then you would have all the Board resolutions voted down and shareholder nominated Directors all voted in!

 

We took a stand for our fellow shareholders because it was the right thing to do, and the message the shareholders sent back was one the Board has a duty to listen too.