Pacific Smiles Group Ltd (AU:PSQ) has released an update.
Pacific Smiles Group Ltd informs shareholders of the Takeovers Panel’s decision to allow Genesis Capital’s 19.9% shareholding to be voted at the upcoming Scheme Meeting, despite prior unacceptable circumstances. Shareholders are strongly urged to vote, with the Directors recommending approval of the Scheme, contingent on no superior proposals and the Independent Expert’s favorable assessment. The crucial Scheme Meeting is set for August 1, 2024, where a majority shareholder vote is required for the Scheme to pass.
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