My understanding:
The requirements for the target (SLR) approval are, I think 50% of shareholders (not shares) who vote and:
75% of votes (shares) cast.
in other words there is no way to make it a done deal with the large holders before the vote, because of the one shareholder one vote rule for the 50%.
I guess if a RED shareholder really wants a say they will have to buy $500 worth of SLR shares. The 50% could be a close thing.
My understanding:The requirements for the target (SLR) approval...
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Last
42.5¢ |
Change
-0.005(1.16%) |
Mkt cap ! $1.472B | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.5¢ | 42.0¢ | $13.48M | 31.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 290926 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 48931 | 3 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
42.5¢ |
Change
-0.005 ( 0.96 %) |
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| Open | High | Low | Volume | ||
| 43.0¢ | 43.3¢ | 42.0¢ | 4377291 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| RED (ASX) Chart |