Q: Hi 5i Team,
If you owned DND shares, who would you vote for at the upcoming general and special meeting, the management nominees or the dissident nominees?
Thanks for your opinion.
If you owned DND shares, who would you vote for at the upcoming general and special meeting, the management nominees or the dissident nominees?
Thanks for your opinion.
5i Research Answer:
The CEO has already announced he is stepping down, so it does look like the dissidents are going to win here. The board has not been overly impressive in the past two years, with its 'we are going to go private, but wait let's sell a bunch of new shares first' flip flops. We think the board has had their chance and it is time for new blood here. Dissidents would be our choice.