"1 vote per shareholding would be nice"@cudaYour wish is granted. See B. bullet point below.
Big institutions are likely to have the say on the A. bullet point below.
For a
Scheme of Arrangement to be approved,
a resolution in favour must be passed at the Scheme meeting by shareholders by both:
A.
75% of the votes cast (based on the number of shares) on the resolution;
andB.
more than 50% of the shareholders voting on the resolution (whether they are attending in person or by proxy).
It is a single resolution.
The Top 20 OZL shareholders held
82.73% of the shares on issue, per February 2022 OZL Annual Report. The Top 46 OZL shareholders held 84.4%.
At 8 February 2022, OZ Minerals Limited had 45,809 shareholders.
@gimmegimmeSo, if you want to defeat the resolution via the second part (i.e.
50% of the shareholders voting on the resolution in person or by proxy, voting NO), you are going to need a bigger 'soapbox' than HotCopper given there are approximately 45,000 OZL shareholders.
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
