Ann: Receipt of intention to make proportional takeover bid, page-61

The key shareholding thresholds in an ASX-listed Australian company from a Corporations Act perspective are:

≥5% (obligation to file substantial holding notice),
>10% (ability to block compulsory acquisition),
>20% (takeovers threshold),
>25% (ability to block scheme of arrangement and special resolution),
>50% (ability to pass ordinary resolution),
≥75% (ability to pass special resolution) and
≥90% (entitlement to compulsory acquisition).

They are ordinary resolutions therefore only 50% is required to appoint or remove a director.