Our Objective

We are proposing to remove one of the current directors and replace him with two directors more representative of the Company’s diverse shareholder base.  If the proposal is successful, the two new directors intend to work with RHG’s three remaining directors to develop and communicate a clear plan for the maximisation of shareholder value.  This will include, where possible, the return of excess cash to shareholders in the form of fully-franked dividends.

At the general meeting, members will have the ability to vote each resolution independently.  We strongly encourage other members to support the proposals to reconstruct the RHG board.

The three proposed resolutions are summarised below:

• RESOLUTION 1

That David Coe be removed from office with effect from the close of the meeting.

• RESOLUTION 2

That Steven Johnson be appointed as a director of the Company.

• RESOLUTION 3

That Gregory Hoffman be appointed as a director of the Company.

You can read about the proposal in detail in our Letter to Shareholders.

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