https://www.minterellison.com/articles/how-a-scheme-of-arrangement-works
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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- Count of 'NO' votes to the WES proposal
Count of 'NO' votes to the WES proposal, page-7
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