Interestingly Minter Ellisons website says they need not only 50% of vote but 50% of number of shareholdings...so small holdings will count for the vote ..interesting
Extract from their website
Quote" 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)"
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- How are you voting to the takeover?
How are you voting to the takeover?, page-14
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