No votes are in yet although approx 25% have given it the nod in pre-bid acceptance (Fotios,Galaxy and a few funds).
Offer starts 28th June and runs for a month - plus a bunch of extensions, if required.
There is no vote on the GXY side, only GMM.
It needs a "YES" vote although when the 80/90% is reached the rest will be acquired automatically.
GMM voters receive their shares
"on or before the earlier of:
(a) 1 month after you have validly accepted the Takeover Offer or the contract resulting from its acceptance becomes unconditional (whichever is later); and
(b) 21 days after the end of the Offer Period, provided that the Takeover Offer has become unconditional."
There may be a brief trading halt when the tally reaches the required percentage to announce the successful merger.
If you do your sums -
Management + Funds + Pro-Merge Retail Holders = Easy 80%
I haven't received my forms yet either.
I guess we'll hear from the first ones to get them either here or on the GMM thread.
GXY Price at posting:
50.8¢ Sentiment: Buy Disclosure: Held
