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"How many SLR shareholders will abstain from voting noting that...

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2615

20/05/24

13:24

Post #: 73913716
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Originally posted by quester: ↑

How many SLR shareholders will abstain from voting noting that abstain = NO. (as per the voting information suppied)
It will take a miracle for this merger to pass.

Requisite Majorities
The Scheme is conditional, among other things, on approval of the Scheme Resolution by the Requisite Majorities of SLR
Shareholders at the Scheme Meeting, which are:
(iii) (headcount test) unless the Court orders otherwise, a majority in number (more than 50%) of SLR Shareholders present and
voting at the Scheme Meeting (in person or by proxy, corporate representative or attorney); and
(iv) (voting test) at least 75% of the total number of votes which are cast at the Scheme Meeting.
Voting on the Scheme Resolution will be conducted by way of a poll. SLR Shareholders (who are present in person, or by proxy,
attorney or corporate representative) will have one vote for each SLR Share that they hold.
The Scheme Resolution is set out in the Notice of Scheme Meeting in Appendix 5.
Guidance on eligibility for voting, and instructions on how to participate in and vote at the Scheme Meeting are set out in section 5
and in the and Notice of Scheme Meeting in Appendix 5.
Voting is not compulsory. However, your vote is important and the SLR Directors encourage you to vote by attending the Scheme
Meeting in person or alternatively by appointing a proxy, attorney or corporate representative in accordance with the instructions in
section 5.3(b). The results of the Scheme Meeting will be available as soon as possible after the conclusion of the Scheme Meeting
and announced to the ASX (www.asx.com.au).

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"How many SLR shareholders will abstain from voting noting that abstain = NO. (as per the voting information suppied)"

THAT IS WRONG. If you don't vote you don't count.

From page 23 of the Scheme Booklet:

As it happens I favour the merger. But if you do not support the deal and you want your opinion to matter then you have to vote. Of course, I want more of you to vote in favour of the deal than against it but I don't want to get what I want because people did not understand the process.

SLR Price at posting: $1.61 Sentiment: Hold Disclosure: Held
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