@zargor because this is a "friendly takeover" 2 conditions must be met - firstly majority of shares on issue, and secondly there must be a majority of shareholders - that is 50% + 1 shareholder. That said, if the majority of the small shareholders proxy to the chair then this part will take care of itself. That will be what they are hoping for.
At last report there were around 4000 shareholders
Ann: Major Shareholder Support Received for Scheme Received, page-10
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