opinions please, page-14

50.1% gives them majority shareholding - they would control the board with a majority of board members but SBL would still be listed on the ASX.

90% would allow them to compulsorily aquire the remainder of the shares and SBL would disappear.

With a majority holding they can attempt to delist the company and you would have problems trading the shares but they would have problems being allowed to do this.

Others may be able to explain this in more detail than what I know.