ST1 3.45% 5.6¢ spirit technology solutions ltd

Ann: ST1 announces rejection of non-binding indicative proposal, page-9

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  1. 1,004 Posts.
    lightbulb Created with Sketch. 107
    Very important line this one below.

    "Spirit recognises that any scheme of arrangement requires the overwhelming support of shareholders in order for it to proceed."

    Obviously the largest shareholders who hold getting on towards 50% of the company, Geoff and or Peter (most likely IMO) and or Joe have told them to go away.
 
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