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Here's a link to the ASIC website:Passing a company resolution |...

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    Here's a link to the ASIC website:
    Passing a company resolution | ASIC - Australian Securities and Investments Commission

    It refers to both ordinary and special resolutions being adjudicated based on "Votes cast" - 50% for ordinary, and 75% for special.
    PortfolioPlus is correct that these are Ordinary resolutions, which requires the lower threshold. Based on this there is actually a high chance that the resolution could pass if other shareholders are asleep at the wheel as they may have almost 40% of total possible votes.
 
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