RE:RE:RE:RE:RE:RE:The market is thinking new offer Mack100 wrote: I think I know the answer to my own question, but just to be sure, are the results of the vote (i.e. 66% approval required) based on number of votes cast, or total votes that could have been cast? In other words if there are say 550 million SBB shares out there, are 363 million votes (550 million X 66%) in favour required, or is it just 66% of actual votes cast? If the latter, by not voting shareholders are essentially voting no? Appreciate any clarification.
66.67% of votes cast,, just like in a provincial or federal election, so if you don't vote, you don't exist.
See SBB PR dated February 13, 2022:
"The Transaction will be carried out by way of a court-approved Arrangement under the Business Corporations Act (British Columbia) and will require approval by 66 2/3% of the votes cast by Sabina shareholders at a special meeting expected to be held in April 2023."