What research have you done in to the composition of the register firsova?
Did you see that 82,53% of the shares of OVH were owned by 276 shareholders with a minimum of 100,001 shares each as at 19 August? Take away three Thorney entities, that's 273 share holders to vote or round-up via a proxy service.
Have you seen that ~20% of the company has turned-over since 1 September and only a small amount went to Thorney?
Assuming Thorney get to 20%, and they have to disclose a 1% increase so let's say that they are at 19.34% right now, requires 58.02% of the shareholder register to vote FOR the scheme to have it pass.
That's not a tall order seeing that ~30% is owned by Founder/Board and staff and most likely a large lick of the 20% by M&A arb traders/funds.
So whilst a 20% blocking stake has proven to be difficult in the past, the composition of OVH's register leads me to believe that the Scheme will be approved as IRE declared it full and final.
And it's not the only way that this deal can be done, if Thorney want to be troublesome, OVH and IRE have options which only require a 50.1% vote to pass.
OVH Price at posting:
36.5¢ Sentiment: Hold Disclosure: Held