article from business spectator this morning

Coastal has 16.5% Bronte has 2.5%
That total's 19.0%

I'm hoping there are another 5% or 403m individual shareholders that will vote no.

With those numbers the No vote is up!


Wrapping up

With the shareholder vote to approve the $2 billion debt for equity rescue plan for Alinta Energy edging closer, it looks like the seven lenders behind the plan are facing stiffer opposition. Earlier this week, US-based shareholder Coastal Capital voiced its displeasure at the prospect of getting 10 cents a pop for its 16.5 per cent stake, saying that Alinta could possibly trade for another year before having to restructure its $2.8 billion debt and continue to generate better returns than the 10 cents on offer. Coastal has now reportedly been joined by fund manager and shareholder Bronte Capital, which contends that 10 cents a share is not adequate and has asked for more details on the rescue plan spearheaded by TPG and its partners Oaktree Capital and Anchorage Capital. The lenders' threat of putting Alinta into administration, thereby leaving shareholders with nothing, lies at the heart of this issue. TPG and its mates are counting shareholders to take the 10 cents on the table rather than risk losing it all, however, that may not be case anymore. Despite the rising doubts, the thing in the lender?s favour is that Alinta?s largest shareholder GPG is the one that helped negotiate the deal. Either way, things could get interesting next week if Coastal and Bronte Capital start finding some support on the eve of the meeting.