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[sharechat] Tower Share Cap

From:	"Bruce Sheppard" <bruce.sheppard@xtra.co.nz>
Date:	Sun, 25 May 2003 07:06:01 +1200

The tower share cap only relates to the stock that can be voted at a meeting. i.e. it does not prohibit a shareholder owning more thatn 10%.

Further it comes off on the 30 September this year, and it takes a couple of months to call a meeting anyway, so I don't think the existence of the share cap will be much of an impedement to GPG or anyone else.

Bruce Sheppard

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