Interesting scenario developing.
Assuming all options are exercised, if 34m shares reject the offer, RMS are stuck below compulsory acquisition (90%) threshold. Per these notices, Tom speaks for almost 27.9m shares meaning that if only a bit over 6m other shares also say no, RMS cannot go to 100% and access the cash.
Tom would seem to have the whip hand to force a higher outcome.
As someone has already said, time to get out the popcorn.
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Ann: Notice received s203D(2) and s249F of the Corporations Act, page-7
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