To effect the Re-domiciliation, it must be approved by:
(a) a majority in number of Boart Longyear shareholders (more than 50%) of those Boart Longyear shareholders present and voting at the Scheme Meeting (in person, by proxy, attorney or corporate representative);
(b) at least 75% of the total number of votes cast on the Scheme resolution at the Scheme Meeting by Boart Longyear shareholders.
So what can the board present to the Justice to make a decision in favour of relocation ?
BLY Price at posting:
0.4¢ Sentiment: None Disclosure: Held