Ann: Update on BGH Capital Acquisition Proposal, page-13

From the initial announcement

"It is proposed that interests associated with Andrew Hansen and the Hansen Property Trust (subject to Andrew Hansen obtaining Hansen Property Trust’s agreement as contemplated under the co-operation agreement) will receive some or all of their consideration in the form of shares in the ultimate holding company of the acquiring entity under the scheme. As a result, those interests will likely vote in a separate class at the scheme meeting."

If Andrew Hansen's interests do vote in a separate class it makes it more reasonable, presumably both classes would have to pass it so a majority in the ordinary class could defeat it.

The directors other than Andrew Hansen are not prevented from trying to get a better offer. Ought to make some attempt.