Henderson Land EGM voting advice
21 November 2003
| Company: | Henderson Land Development Company Limited Limited (HLD) |
| Stock code: | 0012 |
| Meeting type: | Extraordinary |
| Date of meeting: | 1-Dec-03 |
| Time of meeting: | 12:30 |
| Advice date: | 21-Nov-03 |
| CCASS voting cut-off | 28-Nov-03 VOTE NOW |
| Notice of Meeting: | Click here |
| Voting method: | Webb-site.com will require a poll, all proxies will be counted |
| How to vote: | See our voting guide |
Note to journalists:
We have up to 4 proxy seats available inside this GM. Please contact
us if you want one. Don't risk getting shut out of the meeting!
| Item | Description | Vote |
| 1 | To approve termination of the Existing Share Option Scheme and adoption of the New Share Option Scheme of Henderson China Holdings Ltd | FOR |
Note: Henderson China Holdings Ltd (HCH, 0246) is a listed subsidiary of HLD, and therefore any changes to its option scheme have to be approved by both HCH and HLD. The new scheme complies with the amended Listing Rules on share option schemes. We do not agree with all of these rules, for example, we think it is wrong in principle for independent directors to be given share options as this allows management of listed companies to pay off INEDs to secure favourable opinions, but on balance we recommend in favour of allowing the scheme, as we believe the structural issue should be addressed in the Listing Rules, and the new Rules are more restrictive than the old ones under which the previous scheme was granted.
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