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Ann: GXY: Scheme Booklet registered by ASIC, page-6

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Stephan90

4,105 Posts.

1004

05/07/21

17:13

Post #: 54294196
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Originally posted by butcherboy: ↑

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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I guess this will go through then. Also both shares are up today.
ORE Price at posting: $6.88 Sentiment: Buy Disclosure: Held
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0 Great analysis

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