No that is not true.
Quoting from the scheme documents
”The Scheme will only be effective and implemented if it is supported by:
• more than 50% of eligible Bellamy’s Shareholders present and voting at the Scheme Meeting (unless the Court orders otherwise); and
• at least 75% of the total number of votes cast on the Scheme Resolution by eligible Bellamy’s Shareholders. ”
If passed, ALL your shares will be COMPULSORILY acquired at the offer price and BAL will be delisted.
So essentially they only need a lower bar of 75% support and. >50% of the shareholders who vote.
Whose interests are this in? Look in the ‘experts’ report at how the board and execs. Do very nicely with the vesting of their options.
Vote NO!
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