I believe that unless there's earth shattering news about the productivity of the pilots (i.e. that they aren't actually low-cost) that an increased bid from STO will emerge, otherwise the scheme meeting will be over-run with retailers like myself, H, Yaq, PP et.al and it will be voted down. 13,000 is a reasonably big number of shareholders and guaranteed the majority of those are retail.
The alternative is a class action from shareholders on the basis of publicly disclosed comments. Not good for STO or ESG. There's more to run in this story either way.
ESG Price at posting:
88.5¢ Sentiment: Buy Disclosure: Held