Minority shareholders3 May 2016 09:25
This is why as the minority shareholders can be squeezed out!!
Once 90% by value of the shares subject to an offer and associated voting rights are acquired.
Alternatively, 100% of a target company's share capital is acquired by a bidder under a scheme of arrangement approved by a majority in number, representing 75% in value of each class, of shareholders attending and voting at the relevant shareholder meeting
So as you see below the above cant happen on Thursdays meeting but an offer can be made for the remaining Free 13%
Mastin Holdings Limited 25.0% 217,422,943
Limolines Transport Limited 17.6% 153,424,368
Mr Alexander Chistyakov 15.8% 137,439,903
Forcar Holdings Limited 8.9% 77,284,849
Makayla Investments Limited 8.8% 76,630,306
Conchetta Consultants Limited 7.7% 66,875,000
Schroder Investment Management 3.2% 27,460,337
Others 13.1% 113,574,310