It doesn't say in the materials that were released on 19/4/21, but this is normal for a Scheme of Arrangement (from Minter Ellison):
"For the scheme to be approved, a resolution in favour must be passed at meetings of each class of target shareholders by both:
- 75% of the votes cast on the resolution;
- andmore than 50% in number of the target shareholders voting on the resolution (in person or by proxy)."
https://www.minterellison.com/articles/takeover-bid-v-scheme-of-arrangement-structuring-a-friendly-acquisition
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- Ann: GXY: Scheme Booklet registered by ASIC
Ann: GXY: Scheme Booklet registered by ASIC, page-5
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