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-----------------------
SANTOS LIMITED (ASX:STO) - Harbour Energy, 32302594, page-60 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
STO
Click for more information
2.63% $7.02 santos limited

"For the scheme to be approved, a resolution in favour must be...

  1. etherazer
    6,299 Posts.
    lightbulb Created with Sketch. 48
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    08/04/18
    18:43
    Post #: 32302594
    "For the scheme to be approved, a resolution in favour must be passed at the scheme meeting by each class of target shareholders by both:
    • 75% of the votes cast on the resolution; and
    • more than 50% in number of the target shareholders voting on the resolution (in person or by proxy)"
    But those requirements [75% of votes cast] aren't specific to this particular proposal, are they?
    Aren't they simply the related ASX laws or ASIC company laws?

    This proposal is only for 100% of the Ordinary shares.
    So how many classes of us targeted 'ordinary share' holders are there?
    Does Santos still have preferential shares?
    Last edited by etherazer: 08/04/18
    STO Price at posting: $5.88 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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