My understanding:
The requirements for the target (SLR) approval are, I think 50% of shareholders (not shares) who vote and:
75% of votes (shares) cast.
in other words there is no way to make it a done deal with the large holders before the vote, because of the one shareholder one vote rule for the 50%.
I guess if a RED shareholder really wants a say they will have to buy $500 worth of SLR shares. The 50% could be a close thing.
My understanding:The requirements for the target (SLR) approval...
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Last
47.5¢ |
Change
0.005(1.06%) |
Mkt cap ! $1.645B | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 48.8¢ | 47.5¢ | $3.586M | 7.457M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 750163 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 201493 | 6 |
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| Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
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Last
48.0¢ |
Change
0.005 ( 1.07 %) |
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| Open | High | Low | Volume | ||
| 48.8¢ | 48.8¢ | 47.5¢ | 2266396 | ||
| Last updated 15.59pm 20/05/2024 ? | |||||
| RED (ASX) Chart |