Ann: Scheme Meeting - Chairman's Address & Presentation, page-49

That was what I thought?

I thought to pass it needed

• 75% of shareholder head count to vote YES (not number of shares owned by shareholders)
• AND at least 50% of shareholder headcount to vote (yes or no)

or do I have it backwards and it's

• 75% of headcount must vote
• AND 50% of headcount vote yes

See "Key features of a scheme of arrangement" deep into document here - https://www.minterellison.com/articles/summary-of-australian-takeover-laws

The volume of share votes is irrelevant it's headcount. If it's headcount the proxies only have 57% yes not 75%

Can someone dumb down the numbers required to pass in non legal speak like above if I have it wrong?