Under reg 5(f) of the Corporations (Coronavirus Economic Response) Determination (No 3) 2020 (Cth), electronic dispatch of scheme materials may be ordered for shareholders who have not opted for electronic notification, but such shareholders must be informed of their ability to request hard copy materials. A break fee of approximately 0.57% of the implied value of scheme consideration is within generally accepted commercial parameters. Vote tagging is an appropriate mechanism to address concerns about the extent of pre-committed voting support at the first court hearing, with the issue capable of being revisited at the second hearing.
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