RE:RE:RE:RE:RE:RE:RE:RE:The Take-OverIt's right in the bloody NR....
The proposed transaction also has to be approved by an affirmative vote of at least a simple majority of the votes cast by shareholders of RepliCel present in person or represented by proxy and entitled to vote at the meeting, excluding the votes cast by Mr. Schutte for common shares held either directly or indirectly in accordance with Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions, as further discussed below.