ESG 0.00% 86.5¢ eastern star gas limited

i just got a phone call from esg, page-24

  1. 8,553 Posts.
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    goodaye,
    I am sure you can change your vote (ie proxy) at any time up to the close of proxies.

    so if STO changes the offer price, or changes the Scheme, it is open for s/h to change their proxies.

    IMHO the ONLY way STO will change the offer will because they fear that the "NO" will cause the Scheme to fall over.

    Whilst it will be ESG organising the ring-around, it will be at the behest of STO.
    The results of the calls will go straight to STO.
    They probably have a "Scheme committee" made up of ESG and STO representatives.

    they will add up the "no" votes and extrapolate that, and come up with a conclusion, that maybe the Scheme will fall over.

    There would be NO WAY that STO would countenance a failure of the scheme to pass.

    so faced with a possible loss, they would change the consideration.

    and the best "saving face" will be extending the TRU offer of 90c cash to all ESG s/h.

    i am pretty sure that any material change to the Scheme would need to get Court approval.

    cheers
 
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