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ERM Power Advises on Shareholders Vote in Favour of Scheme of Arrangement

08 Nov 2019  |  13:18:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Shareholders vote in favour of Scheme of Arrangement

ERM Power advised that scheme meeting, the requisite majorities of the Company's shareholders voted in favour of the proposed scheme of arrangement under which the Company will be acquired by Shell Energy Australia Pty. The Company updated that the resolution to approve the Scheme ("Scheme Resolution"), as set out in the notice of scheme meeting that was included in the Company's scheme booklet dated 4 October 2019 ("Scheme Booklet"), was passed by the requisite majorities, with 95.29% of shareholders present and voting at the scheme meeting (either in person or by proxy) in favour of the Scheme Resolution; and 99.74% of votes cast at the scheme meeting (either in person or by proxy) in favour of the Scheme Resolution.

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