Interestingly Minter Ellisons website says they need not only 50% of vote but 50% of number of shareholdings...so small holdings will count for the vote ..interesting
Extract from their website
Quote" For the scheme to be approved, a resolution in favour must be passed at the scheme meeting by each class of target shareholders by both:
75% of the votes cast on the resolution; and
more than 50% in number of the target shareholders voting on the resolution (in person or by proxy)"
SFI Price at posting:
7.6¢ Sentiment: Hold Disclosure: Held