Amcor advises that the resolution to approve the plan, as set out in the Notice of Scheme Meeting, dated March 12, 2019, was passed by the requisite majorities of Amcor shareholders at its Scheme meeting, with >50% of Amcor shareholders present and voting (in person or by proxy) in favor of the resolution; and >75% of votes cast in favor of the resolution.
Bemis shareholders voted to approve the Bemis combination with Amcor, with nearly 76% of shares outstanding voting in favor of the transaction; of the votes cast, approximately 96% were in favor of the transaction.
“We are pleased with the strong support we have received from Bemis shareholders for our transformational combination with Amcor,” says William F. Austen, president/CEO of Bemis. “[Thursday's] approval is a key milestone in the process of combining our two companies to create the global leader in consumer packaging that offers a more diversified range of products and solutions with greater scale and resources to better serve customers around the world. We are confident that we will create significant value for shareholders, employees, and customers with this combination, and we look forward to maximizing the strengths of both companies through a thoughtful integration process.”