Hi silsol, the 10% blocking stake comes from the compulsory acquisition level of 90%, once a party gets to 90% acceptances they can compulsory Aquire the remaining 10%.
But that threshold doesn’t apply to a scheme of arrangement, which is the method being used in this offer, if they meet the criteria of 75% acceptance and 50% of voters then the arrangement will apply to everyone.
Thats my understanding anyway.
Ann: IGO: Lithium Joint Venture to Acquire Essential Metals Limit, page-178
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