Further advice needed16 Jun 2017 13:42
.... Overseas, lost and untraceable shareholders
Unless lost and untraceable shareholders hold more than 25 per cent of the voting rights in the target company, such shareholders are unlikely to pose any difficulties for a scheme. Provided that the requisite level of approval for a scheme has been achieved, the scheme becomes effective, regardless of whether or not the lost and untraceable shareholders have participated in any stage of the deal.
By contrast, in order to include lost and untraceable shareholders in the 90 per cent level of acceptances needed to engage the “squeeze-out” provisions, an application to court is required......
I am an oversea shareholder. How will I become s scheme shareholder, I presumably need to be?
Any advice here, please?