send a loud clear message - vote against, page-6

I have submitted my no vote to both the scheme and directors. LLC can't vote, and they need 75% of the remaining shares to be voted in favour. Even more onerous, they need more than half of the shareholders (by number) who actually vote to be in favour. That is, it doesn't matter whether you hold 1000 shares or 10million shares, your vote counts equally in determining whether or not the 50% by number is achieved. This is outlined in section 2.11 of the scheme book. Lots of smaller holders like us voting against the scheme can kill it, regardless of what the institutions do.
Given the above, its very likely this scheme will not proceed... which I see as good news. I'm happy to support a capital raising if thats their plan B, as I'm in this company for its longer term upside.