AGO 0.00% 4.5¢ atlas iron limited

Isn't the more potent power we have in a scheme vote the...

  1. 67 Posts.
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    Isn't the more potent power we have in a scheme vote the headcount test?

    For the scheme to past, there needs to be:

    (a) More than 75% of the votes cast in favour; AND
    (b) More than 50% of the voting shareholders in favour.

    So with 101 voters, you might have 50 big shareholders who can reach the 75% number but all it takes is 51 small voters who vote against and the scheme will fail.

    I think therefore what matters most is to get out the vote.

    I will be voting no with insignificant number of shares.
 
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