scheme voting, page-7

goodaye Picture,
i am not quite sure what you are referring to wrt 10%.
with a t/o by way of a Scheme, BOW only need to get 75% of the shares voted, AND 50% of the individual shareholders voting, to enable the Scheme to be approved. Once the Scheme is approved by s/h and the Court, then Arrow can acquire 100% of the shares of BOW. Everybody's shares are taken.

If it were a takeover offer (which it is not), Arrow would need to get acceptances for 90% of the shares before it can compulsorily acquire the other 10%. Under a t/o scenario, there is no "individual shareholder" requirement issue.

Thus wrt BOW, there is no issue for Arrow wrt a 10% blocking stake.
Once Arrow get the Scheme approved, we're stuffed.

There's got to be a better chance of a counterbid in the case of BOW, than with ESG. (sorry if I'm stating the obvious here).

the metrics of 16c/gj for 3P just looks too miserable.

I reckon we need to wait for the IER - then see if anyone jumps out of the woodwork.

hang in there.

cheers