Who is IK Holdings Ltd, page-86

Just remember if you are attending the meeting on Monday, you can change your vote at the meeting simply by letting the Chairman know that you would like to change.

Once all the information comes out, there may be a number of shareholders who wish to change their vote.

In practice, undisclosed associations can be difficult to prove because the evidence for such associations will often be circumstantial. This may undermine the effectiveness of the association provisions. Because of this, in certain circumstances, shareholders who individually hold less than 20 per cent of a listed company may be able to improperly act together to exert undue control over the company without launching a takeover bid.


https://treasury.gov.au/publication/takeovers-issues-treasury-scoping-paper/

Key point is that in a change of control situation shareholders should be fully informed