I then asked will there be another offer if they see the votes going against them and when was the latest date they could make another offer.According to ASIC 10 days are required to consider any supplementary documentation and according to the Scheme Booklet proxies must be lodged by 1.30 pm (Melbourne time) on 18 July 2011.
Answer: " don't know if they will make another offer but latest is the 10th of July.
So it is cutting it fine, July 10 wont do it.
Supplementary information
RG 60.92 If a scheme company proposes to amend the terms of a scheme, or otherwise provide supplementary information to its members, after the dispatch of the explanatory statement, it is important that all members who are required to vote on a scheme have adequate time to consider that supplementary information before they decide to accept or reject the scheme.
RG 60.93 It will generally be appropriate for scheme participants, including those voting by proxy, to be given at least 10 days to consider any supplementary documentation distributed before being required to vote on the scheme.
