Ann: Transaction Update, page-39

Seems to me the bottom line is disgruntled holders have 9% and they need 25% to block a scheme.
And this release from Management is letting the market know that they don't have much chance of success.

If the rebels can't contact some of the top 20 directly and get commitments from them to join the NO vote there is no point in all the finger pointing and hand-wringing - the merger is going to happen like it or not. That's a lot of shares to. make up, and these shareholder revolts rarely succeed. The odds of it succeeding when the V market is like it is are....well it's not going to happen. The big holders will try and recoup something by voting yes, whether it's a FID or just the ability to duck out the back door with the greater volume the new company will provide.