Voting intention enquiry, page-16

Dont forget its a vote on a takeover by a SOA (scheme of arrangement).
Many are focussed on the ability or inability of Brookfield to get 75% support ( on share count) of those shares voted.

BUT
ALSO support of over 50% of shareholders who vote ( 1 HIN = 1 vote, irrespective of holding size) is required.
BOTH conditions must be satisfied for SOA to proceed.

There are a large number of small shareholders (over 100k whoave holding under 10k shares and who together hold about 12% of total shares) and often most of them never vote at meetings.
If even a small proportion of them can be encouraged to vote NO, there is good chance their votes may well decide the outcome, overwhelming the wishes of the board, the ‘suits’ that are big end of town mates and ‘big’ shareholders that want the deal passed.

Small holders should lodge their NO vote and make their view count as NOT voting does not mean you dont agree, it just means you dont count and your view is effectively ignored.
A potential ‘silent majority’ who dont want the deal, but dont vote counts for nothing.

Lodge your NO vote and make it count, effectively helping to ‘neutralise’ the votes of the large holders /‘suits’ (under 200 of them, some of whom desperately want the deal passed.
Just remember that each holding (HIN) Counts as 1 vote. — whether you hold 50 shares or 50M shares — towards the required 50% shareholder NO vote requirement to reject deal.