gberra,
"For a scheme to succeed it needs both greater than 50% of voters and 75% of shares voting in favour". Is that a generalisation of schemes like this or is it specifically stated in the arrangement documentation of this scheme? I have never come across the 50% of voters condition in any scheme such as this that I have come across. That would seem very odd and leave the vote open to expoitation by those who could organise a profileration of purchases by "friends".
I have glanced through the 100s of pages of the scheme documentation and haven't seen anything related to the what constitutes a successful vote in favour. Can anyone point to that specific item to confirm the 50% / 75% quotas?
gberra, "For a scheme to succeed it needs both greater than 50%...
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