Ann: Scheme Booklet registered with ASIC, page-92

On Page 61 of the BDO section:
(my highlight in yellow)



"The closing price of a TMT share from 1 May 2023 to 9 November 2023 ranged from a low of $0.215 on both 3 November and 6 November 2023 to a high of $0.360 on 15 May 2023.
The Scheme was announced on 25 September 2023. On the date of the announcement, the share price of TMT closed at $0.295, up from a closing price $0.290 on the previous trading day. On the day following the announcement, 1.48 million shares were traded, representing approximately 0.58% of TMT current issued capital. We note over the subsequent three days, the price of a TMT share decreased 11.9% to close at $0.260. Furthermore, as at 9 November 2023, TMT’s share price closed at $0.220, representing a 20.0% decrease from the first trading day following the announcement of the Scheme.
The above analysis suggests that the Scheme was not received positively by the market. However, it must be considered, as detailed in Section 10.2., that TMT’s shares display a moderate level of liquidity, and hence, the subsequent trading may not be indicative of Shareholder sentiment. Notwithstanding this, if the Scheme is not approved, quoted prices for TMT shares may return to pre-announcement levels."

All DYOR