Ann: Update on Revised Proposal and Scheme Meeting, page-11

I think the announcement is potentially quite confusing to someone who has not been following it carefully.
The board views the revised proposal floated by Brookfield as unacceptable.

I am aware that the vote at the meeting is on the ORIGINAL proposal,
but to many ordinary shareholders who have not followed things carefully, they may well be wondering what proposal they are voting on.

One can now see that the original proposal is more and more, a crock of poo as the Aust $ rises a little and the.final value to Aust shareholders drops back.
Maybe the board now privately sees it the same way, but due to agreeing to be ‘gagged’ upon of pain of paying huge break fees, they cant say anything negative, but pretty clear they will end up with lots ‘of egg on their face’ from shareholders.

Lets be clear, Dont be fooled into changing your NO VOTE, and if you have not yet lodged a vote, it is still not too late yo lodge one.
Even if you are a tiny shareholder, lodge a NO vote, as I feel that a large number of the 100k odd small holders dont like deal. If over 50% of the NUMBER OF SHAREHOLDERS (not shares) who VOTE say NO, the deal is dead. Lets not just rely on the opposition of big holders like Aust Super.

Show Brookfield the door and make its clear they are not wanted and not welcome to come back with their ‘schemes’ and under-valued offers.