When must results of the meeting regarding a Scheme of Arrangement be posted?

The requirement for posting the results of a meeting regarding a Scheme of Arrangement by 8 am the next business day is grounded in regulatory procedures aimed at ensuring transparency and timely communication to stakeholders. This timeframe allows for the necessary administrative processes to collect and compile the meeting results after it concludes.

The choice of 8 am on the next business day ensures that all interested parties, including shareholders and creditors, are informed promptly about the outcomes, enabling them to make informed decisions based on the latest information. This is particularly important in financial and corporate governance contexts, where stakeholders may need to react swiftly to changes affecting their interests.

Timely dissemination of such information supports the integrity of the process and upholds regulatory expectations for communication standards in corporate actions.