OML shareholders back the scheme with 99.81% of votes cast
The scheme resolution drew 272.6 million votes in favour, or 99.81% of proxy and direct votes. Implementation still requires court approval.
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what happened
According to TradingView, the scheme resolution received 272.6 million votes in favour, equal to 99.81% of proxy and direct votes cast. The resolution also empowers the directors to carry out the scheme, provided the court approves it and the stated conditions are met.
The strong backing signals broad shareholder support for the proposal. However, the final outcome will depend on the court's decision and on meeting the conditions, so the next steps are worth following.
why it matters
The shareholder vote is a required stage, but the scheme cannot take effect without judicial approval. For investors, the result signals support for the deal, while timing and conditions of the next steps remain key to assessing it.
tags
instruments
sources
- OML: Scheme resolution drew 99.81% support among proxy and direct votes cast — TradingView, 1 November 2026 at 23:15 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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