Ann: Becoming a substantial holder in ESG by DB G, page-21

re: Ann: Becoming a substantial holder in ESG... Mr Perry, thats an interesting concept.
But I couldn't imagine that happening.
i think it all relates to who has the power to vote, and beneficial ownership.

Santos (and TRU) are legally not allowed to vote in the Scheme.

So I could not imagine that it would be kosher for them to pass their proxies or whatever to someone else.

maybe they could sell the shares to someone else, and then that party could then vote as they wish.

But STO would not sell their 20% hholding anyway.

and, that sale would probably mean that the Scheme would need to go back to the drawing board, and start again.

it won't happen

cheers