Ann: Change in substantial holding from FEX, page-7

  1. 1,144 Posts.
    lightbulb Created with Sketch. 708
    Thanks, yes if 75% is not reached deal is off and shares will be returned to all who subscribed. In the event of a superior offer the 75% will not be reached and deal will be off.
    https://hotcopper.com.au/data/attachments/6852/6852260-aa75129ce5fd3243f23c64f8555bac1c.jpg


    Yes, you're right it must be majority voted for it to go through. Good reading in section 10.5
 
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