GXY 0.00% $5.28 galaxy resources limited

No votes are in yet although approx 25% have given it the nod in...

  1. 1,658 Posts.
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    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.
 
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