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21/07/11
15:46
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I'm happy to report in the interests of clarification, that I have some info on scheme of arrangement voting requirements.
ESG has confirmed that shareholders at the Scheme Meeting, to be held in mid-October, can be present in person or by proxy for all resolutions.
The SOA will have the following voting requirements:
For the Scheme to proceed, the Scheme Resolution must be passed by:
1) a majority in number of ESG shareholders (present in person or by proxy)who vote on the Scheme Resolution; and
2) at least 75% of the votes cast on the Scheme Resolution.
Hope that clears the issue up for everyone.
Cheers
H