May 17, 2009

To go or Not to Go?


So how does this proxy thing actually work?

Axiata
will hold its AGM on 20 May 2009 at the Sime Darby Convention Centre at Bukit Kiara.

Should I go since I have not lodge any proxy form with the company's Registrars at The Gardens in Mid Valley City?

So I phoned my elder sister who is scholarly in things AGM.

As I have informed her that I would not be going, she has already sent in 2 proxy forms on my behalf.

If I should go, then these 2 proxy forms will be withdrawn.

So what is the issue here?

Well, it pertains to door gifts for shareholders and proxies.

If door gifts are given for each proxy, then it pays to go the proxy way. If only one door gift is allowed per proxy, then it wouldn't matter if a shareholder registers himself personally.

So, for me, it's best not to attend th Axiata AGM and play the proxy option. There is more upside and less downside.

Likely door gift? A postpaid Celcom phone card and perhaps a meal voucher.

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