Taurean7
1,678 Posts.
2,743
11/08/22
22:48:09
Post #:
63068008
Confusion still reigns. If still uncertain I suggest giving slow consideration to the 12 points below in logical order.
(1) It is not possible to have more than one valid Scheme available for determination.
(2) Only one valid Scheme exists.
(3) That Scheme has been approved by the Court.
(4) The offer price contained in the Scheme is 20.8 cents.
(5) No other valid Scheme exists.
(6) For the Scheme to be approved shareholders would need to pass an appropriate Scheme Resolution.
(7) Because an earlier Scheme Resolution has been voted on, it becomes necessary for its wording to be updated appropriately to create a new Scheme Resolution.
(8) Resolution 1 (Amending Resolution) updates the wording of the Scheme Resolution appropriately.
(9) Resolution 2 (Scheme Resolution) determines whether shareholders wish ResApp to implement the Scheme.
(10 If Resolution 1 is defeated (50% vote) then no appropriately worded Scheme Resolution exists to then be put to the Meeting, and the Meeting and the Scheme are immediately dead.
(11) If Resolution 1 is passed then the fate of the Scheme rests with Resolution 2.
(12) If this Scheme Resolution does not achieve greater than 75% of share votes cast as well as greater than a 50% headcount then the Scheme is dead.
Make your own choice according to your intended result.
