It''s the Scheme of Arrangement that requires the BOD's blessing.
Without it they'd have to go the takeover route which is less often successful.
https://content.allens.com.au/the-allens-handbook-on-takeovers-in-australia/transaction-structures/
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Ann: Medgate extends licence agreement and plans to expand use, page-66
Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #
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