Ann: Becoming a substantial holder, page-6

This is what I have found on the following website:

https://www.minterellison.com/articles/how-a-scheme-of-arrangement-works

Following ASIC's review, the target seeks the Court's approval at the 'first court hearing' to mail the scheme booklet to all target shareholders and to convene a meeting of target shareholders to vote on the scheme.
The target will then hold the shareholder vote on whether to approve the scheme at the 'scheme meeting'.
For the scheme to be approved, a resolution in favour must be passed at the scheme meeting by each class of target shareholders by both:

• 75% of the votes cast on the resolution; and
• more than 50% in number of the target shareholders voting on the resolution (in person or by proxy)