00:00Minority shareholder advocate Peter Permel told The Express that the National Investment Fund, NIF,
00:06which represents the government's interest in Angostura Holdings Limited, voted against a reinstallation.
00:11He said, quote,
00:32While Frederick ultimately secured enough votes to carry the resolution,
00:36Permel said the voting pattern indicated the government had no confidence in Frederick's reinstallation.
00:42Permel said NIF's position was significant because the government's shareholding meant the minority shareholders could not have produced the 41
00:50.7% vote against Frederick on their own.
00:53According to Permel, NIF normally represents about 44.97% of the total vote.
01:00While the government's interest accounts for about 29.97% and minority shareholders make up just over 25%.
01:08The figures from the ballot showed 106,442,892 votes, or 51.7% of the available voting share capital
01:20in favor of Frederick's re-election.
01:22While 85,848,415 votes, or 41.7% were against.
01:31On Tuesday, a letter to shareholders was shared with The Express and stated that Angostura has submitted a proof of
01:38debt of approximately $984 million in high court proceedings against Mark Byers,
01:45in his capacity as liquidator of CL Financial.
01:48Angostura is seeking to overturn the liquidator's rejection of the claim.
01:54Angostura is seeking to overturn the liquidator's rejection of the claim of the claim of the claim of the claim
01:55of the claim of the claim of the claim of the claim of the claim of the claim of the
01:55claim of the claim of the claim of the claim of the claim of the claim of the claim of
01:55the claim of the claim of the claim of the claim of the claim of the claim of the claim
01:55of the claim of the claim of the claim of the claim of the claim of the claim of the
01:55claim of the claim of the claim of the claim of the claim of the claim of the claim of
01:55the claim of the claim of the claim of the claim of the claim of the claim of the claim
01:55of the claim of the claim of the claim of the claim of the claim of the claim of the
01:55claim of the claim of the claim of the claim of the claim of the claim of the claim of
01:55the claim of the claim of the claim of the claim of the claim of the claim of the claim
01:55of the claim of the claim of the claim of the claim of the claim of the
