My personal thoughts are that a major change in the Companies activity would require an extraordinary resolution and therefore 75% vote to get up.
ASIC is responsible for protection of minority SH's so I will be seeking advice from them as to my rights.
Has the ASX now created a precedent in allowing a majority SH to de-list via an ordinary resolution requiring only 50.1 of votes? What message does this send to other minority SH's?
My ability to sell my shares at a time of my chosing will be removed with delisting so how can my rights to do this be controlled by the majority SH?
