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5.6¢ norwest energy nl

Ann: Change of Director's Interest Notice, page-19

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andyno3

10,975 Posts.

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24/02/23

16:25

Post #: 66451191
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Originally posted by phx: ↑

MIN have over 50% of NWE, so yes the takeover has been successful from that perspective.

They do not seem likely to get to 90%.
That is the level to compulsorily acquire outstanding shares.
This is where MIN would like to be.

Unless they extend the offer, 80% looks out of reach.
This is very important for everyone who accepted the offer.
If MIN do not get 80% there is no CGT rollover so they will have a CGT event.

75% is the closest target for MIN.
They can apply to dellist NWE.
The other requirements are less than 150 shareholders with $500 worth of shares.
It is extremely unlikely that MIN will be able to delist NWE.

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And going by the last top20 even if all of the current top20 sold, Min would still only get to 70%.

NWE Price at posting: 6.5¢ Sentiment: Hold Disclosure: Held
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