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Surandy, I am not sure whether you have this right. If shares are not voted then they have no impact upon the Scheme. The rule is as follows:

In a Scheme of Arrangement the scheme must be approved by a vote of more than 50 per cent of the shareholders present and voting, who represent 75 per cent of the total shares of those present and voting at the meeting.

So, if 100 people turn up at the meeting whose total shares owned are 500 million then the Scheme is passed ONLY if at least 50 of those people vote in favour and the shares that those people own are a minimum of 375 million (75% of 500m).

So you can see that the retail investor certainly can stop the Scheme by turning up and being more than 50% of the shareholders present at the meeting.