Thanks Kacy,
The insto explanation you give sounds plausible.
Does anyone know whether the 19.9% rule applies through SPPs?
i.e. If Deutsche oversubscribe, will we need shareholder approval (or a formal takeover) to issue shares to Deutsche beyond the 19.9% limit? Or could they suddenly have, say, 30% post-issue, then have to announce an intention for a takeover after the fact?
I suppose the same could apply to any of the other substantial holders (e.g. Creat).
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