Ann: Proposed Acquisition by J-Power - Results of Scheme Meeting, page-5

Based on the poll results, we had a total of 1,120 shareholders vote at today’s meeting - that’s out of a total 8,050 shareholders detailed in the 2023 annual report. That’s a:really poor turn out rate of only 13.91%.

If Howie had put as much effort into successfully finding another 600 shareholders to vote against as he has into seeking to get Government agencies to stir themselves into action, then the scheme would have failed to pass to 50% of voting shareholders being in favour test.

Given the high percentage vote in favour and the low shareholder turnout, there’s no way the Court is not going to approve this. The case for J-Power forcing its way on dissatisfied shareholders can’t be justified.