RAP 0.00% 20.5¢ resapp health limited

Ann: Cough detection patent granted in Australia and Japan, page-28

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    “...at least 50% of all shareholders who vote...

    The headcount vote criterion is a little more complicated than that TT. From page 7 of the amended Deed:

    Headcount Test means the requirement under section 411(4)(a)(ii)(A) of the Corporations Act that the resolution to approve the Scheme at the Scheme Meeting is passed by a majority in number of ResApp Shareholders present and voting, either in person or by proxy.

    I have emphasised the word ‘present’ above, which I take to include online attendance, but also that it will require actively casting a vote online when invited to at the time by the Meeting Chair.

    This suggests to me that votes recorded by Automic may count only towards the 75% shares voted (poll) criterion. If so a group ‘attendance’ strategy will be required.
 
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