Can you quote or give ref to the ‘news story’ you refer to.
Origin stated it was ‘unlikely’ (certain is probably closer to reality) to achieve the required 75% support of SHARES that vote being favour (due to opposition of Aust Super and some other large holders)..... that is probably the basis of the 70% support you refer you.
Pretty well all of the ‘news’ and ‘commentators’ never mention that 50% of shareholders (1 HIN counts as 1 vote) MUST ALSO be in favor for SOA to proceed.
With over 100k small retail holders, (unfortunately many will not cast a vote), there is every chance that their votes (on shareholder count) could well block the deal.
Often its an ‘inconvenient truth’ to talk about this 50% shareholder support condition.
The big holders / ‘suits In the room’ like to think ‘they run the show’, but EVERYONE should be very aware that at a SOA meeting, on the SHAREHOLDER support count, ALL shareholders are peers (equals).
It is about the only situation this is case with shareholder meetings.
- Forums
- ASX - By Stock
- ORG
- Ann: Update on Revised Proposal and Scheme Meeting
Ann: Update on Revised Proposal and Scheme Meeting, page-15
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ORG (ASX) to my watchlist
|
|||||
Last
$10.36 |
Change
0.020(0.19%) |
Mkt cap ! $17.96B |
Open | High | Low | Value | Volume |
$10.39 | $10.46 | $10.34 | $9.186M | 881.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
42 | 8969 | $10.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.36 | 1811 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 8324 | 10.350 |
17 | 5815 | 10.340 |
7 | 2963 | 10.330 |
8 | 8366 | 10.320 |
8 | 59350 | 10.310 |
Price($) | Vol. | No. |
---|---|---|
10.360 | 3142 | 35 |
10.370 | 5247 | 19 |
10.380 | 7134 | 15 |
10.390 | 4984 | 11 |
10.400 | 19552 | 12 |
Last trade - 15.03pm 08/08/2024 (20 minute delay) ? |
Featured News
ORG (ASX) Chart |