Ann: IGO: IGO secures Wyloo support for announced WSA transaction, page-4

Looks like a quid pro quo.

or in more colloquial terms…a bribe.

Assuming Wyloo paid above the bid price they are happy to lose that money and get a deal, exclusive to them in exchange.
Head scratcher at best.

Like if the downstream deal is sensible in its own right, why is it connected to Wyloo voting in favour? The two decisions must therefore be connected.

I wonder if this gets looked at by the authorities. It could be construed that one shareholder is being paid or receiving a benefit as well as $3.36, to vote in favour. The rest of us are not.