Rebirth of England.

Chapter 905 Shareholders Meeting

"John, are you crazy?"

After John Smith returned home, he faced Jenny's questioning.

"what happened?"

"I just learned that you are going to transfer the controlling stake of Sinclair Group to Vanguard Group?"

Hearing Jenny's words, John Smith's expression did not show any nervousness, but he said in a relaxed manner:

"That's for the development of the company, Jenny, and the control is still in my hands. We signed an agreement..."

He held Jenny's hand:
"Why, aren't you always not interested in the company's affairs?"

"Yes, but it does not include you handing over the controlling stake to someone else. Although your brother and sister did not say anything, they still called me to ask about this matter. Otherwise, how do you think I know it?"

"Oh, don't worry, I'll explain it to them."

John glanced at his watch and said to Jenny:
"Thank you for your concern, honey. I have booked a restaurant today. Can we go out for dinner together?"

"John, if we need to acquire an enterprise for the development of the company, then Barron is our friend and has been cooperating with my brother. He can provide the funds..."

It seems Jenny doesn't intend to let go of this topic:
"Don't you know what kind of people on Wall Street are? Think about the previous Megan Bank. What they are best at is taking away those family companies and then selling them for a good price!"

"Barron?"

It seemed that John Smith was finally getting impatient. He stood up and looked at Jenny, and said coldly:

"Do you think he has no purpose? Why do you think the Pilot Group would plot against me but he wouldn't? Is it because he slept with you?"

"John!"

Hearing him say this, Jenny's face immediately turned cold:

"We have already talked about this matter. Do you really have to tie these things together?!"

"Besides that, I don't know what other reason I have to trust them. Have you forgotten what they looked like when I was investigated before? And that Ivanta, they are all the same kind of people. I have more choices!"

Seeing John so excited, Jenny asked doubtfully:
"Why would I think so? At least Barron and his men didn't threaten the Sinclair family's controlling stake in the company, and don't forget that he helped you when you were in the most difficult time..."

"Help me? I just didn't tell you the specifics. That help is not without cost, Jenny."

"Then you can tell me now what the inside story is..."

Facing Jenny's questioning, John began to feel impatient. He walked to the clothes rack, picked up the suit, and said:

"Maybe today isn't the right day to talk about these things. I need to calm down, baby."

"Are you ready to leave just like that?"

"Yes, everything will be over tomorrow. I will explain everything to you then."

Seeing John Smith just walk out the door, Jenny couldn't help but throw the pillow in her hand to the ground.

After a long while, she took a deep breath, picked up her phone, and searched through the address book...

……

Monday, October 5.

A shareholders meeting was held on this day at the Sinclair Corporation's headquarters in Baltimore, Maryland.

The rules for holding shareholder meetings vary from state to state in the United States, but the general process is similar.

For a shareholders' meeting to be held, shareholders holding more than 50% of the shares must participate, and its resolutions will only be valid.

The confirmed attendees of this shareholders' meeting include John Smith, the representative of the Sinclair family, Ivanta, the representative of IC Capital, Wang Wanting, the representative of DS Holdings (Cavendish Trust), the representatives of Vanguard Group and Fidelity Investments. The shares represented by these people are close to 80% of the total share capital of the Sinclair Group. The remaining shareholders, including other members of the Sinclair family including David Smith's widow, did not attend. The rest are scattered shares circulating in the secondary market.

In fact, in accordance with relevant regulations, the proposals that need to be voted on at today's shareholders' meeting have already been conveyed to all shareholders before the shareholders' meeting.

Therefore, they are already very clear about the proposals discussed today.

After all the people arrived at the meeting room, John Smith, chairman of Sinclair Group, who was the host of this meeting, cleared his throat and announced the official start of the board meeting. His secretary then distributed today's agenda to everyone.

"As you all know, I plan to cooperate with the Navigator Group to acquire the Forum Media Group, which owns 42 TV stations. I have discussed this plan with all the delegates present today. I believe everyone is clear about the specific plan."

Looking around at the shareholder representatives sitting in the conference room, especially at Ivanta, Wang Wanting and the representatives of the Pilot Group, John Smith paused for a moment and continued:

"Next, we will vote on this proposal at today's shareholders meeting. First of all, on behalf of the 22.5% of the company's shares held by the Sinclair Family Trust, I would like to express my support for this plan..."

He took out a document and said:

"In addition, this is the authorization document from my brother Quentin Smith and sister Barbara Smith. Together with the shares I hold, a total of 7.75% of the company's shares also support this plan..."

At this point, John Smith's speech alone has increased the proportion of shares supporting this plan to 30.25%!

"Now, please vote."

As John Smith finished speaking, there was a moment of silence in the conference room.

As several shareholder representatives exchanged glances with each other, the representative of Sinclair Group said to Wang Wanting:

“I wonder what DS Holdings thinks?”

Wang Wanting had just arrived in America from London yesterday, but she seemed to have had a good rest. She did not refuse and said directly:
"We are disappointed with this proposal and believe it is not in the interests of DS Holdings. Yes, we oppose it."

“It’s not surprising after all.”

After hearing Wang Wanting's words, John Smith said lightly.

DS Holdings holds 14.5% of Sinclair Group’s shares, and the current ratio between the two parties is 30.25:14.5…

Next, everyone's eyes turned to IC Capital. After all, everyone present knew about Ivanta's romantic relationship with the Duke of England behind DS Holdings.

However, Ivanta was not in a hurry. She looked at the representative of Fidelity Investments and asked:
“I wonder what Fidelity Investments’ attitude is?”

The person who probably didn't care much about today's shareholders' meeting was the representative of Fidelity Investments. He didn't refuse and said directly:
"We support the development of the Sinclair Group, but we believe that more communication is needed on the specific content of this proposal, so we abstain from voting."

After the other party finished speaking, a faint smile appeared on John Smith's face, and he looked at Ivanta, the representative of IC Capital, again.

This time, Ivanta did not delay any longer. She also said neatly:

"As a major shareholder of Sinclair Group, IC Capital is puzzled by the chairman's proposal to exclude other major shareholders, and believes that this plan will harm the interests of other shareholders, so we oppose it..."

John Smith shook his head at Ivanta's statement:
"I hope you, Ms. TP, understand that we chose to cooperate with the Leading Group because they can provide indispensable assistance in this merger and acquisition..."

In response, Ivanta just spread his hands and didn't want to say anything more.

It is just that IC Capital holds 15.5% of the shares, and together with DS Capital, which holds the same position, the total shareholding is only 30%. The voting time has now come to 30.25:30...

As for the representative of the Vanguard Group who had not spoken at the end, he directly expressed his support later.

37.25: 30!

It was clear that John Smith and the Pilot Group had the majority of the vote.

"If that's the case, then I'm very happy that our voting results are gratifying..."

(End of this chapter)