"my thought is that 75% of beppa holders by beppa holding will...

"my thought is that 75% of beppa holders by beppa holding will not vote to accept"

Again I have to repeat this. It is getting boring.

BEPPA only need 75% of the votes cast AT THE MEETING (including proxies sent it) for the vote to be successful. As long as the major BEPPA holders vote yes and provided there isn't a total no vote from smaller holders, then this is quite achievable.

BEPPA do NOT need 75% of all BEPPA hodlings for this to be successful. The statement above is misleading.

I know it is hard for some people to understand this, bu please try. It's not a difficult concept to grasp.