Bumi Plc's Samin Tan, Confident of EGM Win

Samin Tan raises a number of points relating to financial losses at Bumi Plc and the approaching EGM.

Tan talks of the board's plan to try to recover the company's share price through the separation of Bumi plc from the troubled Indonesian asset Bumi Resources. According to Tan the Bakrie family, are unlikely to allow such a separation if Nat Rothschild returns to the Bumi board.

Tan also clarifies the issue of his supposed concert party with the Bakrie family. According to Tan, he is only a concert party due to the structure of his investment in the firm and once the Bakries have separated from Bumi plc, the concert party will cease to exist.

Tan also discloses that he will stand down as the Chairman of Bumi plc once the separation of Bumi plc and Bumi Resources is complete.

Responding to questions about the Macfarlanes investigation and financial irregularities, Tan asserts that he was working with the Bakries to recover lost money and that Nat Rothschild's document from a whistleblower interrupted the progress he was making.

Anticipating what the future might hold if Rothschild wins the forthcoming EGM, Tan speaks of years of litigation between the interested parties.