Well I dont think it was just PLLs holding that got our BoD over...

Well I dont think it was just PLLs holding that got our BoD over the line.
Remuneration was like 52% if i recall in favour of. So a lot more than 11-15% of PLL.
So I guess now it will depend on if we SYA & PLL have the same overarching body of shareholders across both entities.

The reason I say this is for example if our top 3 are State Street, Morgan Stanley & say Bank of America and its the same as PLL then our largest holders will do what is still in the best interest of both companies to gain through either.

Us smaller holders will simply be stood on by their decisions. If however, after the sell off via PLL the holding has been dispersed to largest holders that do not have a holding in each SYA & PLL. We could see a big swing in votes come the next AGM. As holders of each will do what is best for their company.

Last I looked: SYA as at 29th Feb was:

	Name	No. of Shares	%
1	HSBC Custody Nominees (Australia) Limited	825,533,565	8.02
2	Citicorp Nominees Pty Limited	809,813,889	7.87
3	J P Morgan Nominees Australia Pty Limited	628,983,530	6.11

PLL on ASX doesnt show a top 20 holders that I could source.
PLL on NASDAQ:

	File Date	Form	Investor		Prev Shares	Latest Shares	Δ Shares (Percent)	Ownership (Percent)	Δ Ownership (Percent)
2024-02-13	13G/A	VANGUARD GROUP INC		936,453	1,052,335	12.37	5.48	5.38
2024-01-26	13G	BlackRock Inc.		1,281,505	1,474,929	15.09	7.70	8.45
2024-01-25	13G/A	STATE STREET CORP		1,445,609	1,816,088	25.63	9.45	17.68
2023-03-01	13G	LG Chem, Ltd.			1,096,535		5.70

Just note though I dont day trade so dont have access to the latest and greatest data.

But from the looks of things, PLLs holding wont change the overall voting unfortunately. Though I did note a small drop in overall top 20 holdings likely moving some further votes to retail.

With shorting ie lending of shares it changes substantial holding etc.. making it more complicated to work out though.

The only way SYA will steer away from PLL is if the majority of large shareholding is fractured between the two IMO.