goodaye MLC,On the resolutions to vote on the Scheme to accept...

goodaye MLC,
On the resolutions to vote on the Scheme to accept the t/over offer made by LLC, LLC CANNOT vote its shares.

On the resolutions relating to elections of directors, adoption of financials etc, LLC CAN vote its shares.

on my earlier posts i did some calculations regarding the votes needed to pass/reject the Scheme.
In order for the Scheme to pass, it needs 75% of the total number of shares voting, PLUS it needs 75% by number of SHAREHOLDERS VOTING.

Thus it only needs 138m shares (25%)to vote AGAINST the Scheme Resolutions for the Scheme (takeover) to fail.

I get these figures from:
966m shares in LLP
LLC holds 43% = 415m shares
Non-LLC shares = 551m shares
25% to vote against = 137.75m

Remember - usually in an AGM usually only 25%-40% of sh vote. Because this is a t/over more s/h will vote - but it will not be 100% of non-LLC vote - so we would probably only need 80-100m shares to vote "NO".
If a few of the TOP 20, then we don't need many more NO votes.

cheers