Correct Hatmopit, substantial holders (5% or more of issued shares) have to advise the mkt within two days of becoming a, ceasing to be, or varying by 1% or more up or down.
Because this is a t/o offer, regulations under that scenario require notice to the mkt by 9:30Am the day after their pledged shares from acceptances increases by 1% or more.
Because this is an off-mkt t/o offer, even if the offer price is increased at a later date to try and get it over the line, or another bidder comes in with a higher price, those who have already accepted still get the higher offer....but not so if it were an on-mkt t/o offer.
No one gets any money until...."Consideration must be paid within one month of the later of an acceptance and the offer becoming unconditional.
Timing....An uncontested off-market bid usually takes a minimum of three months from announcement."
I urge all s/holders to read this document from which the above quotations in bold have been taken. It is a very thorough document and will answer a lot of your queries.
Mallesons - A Guide to Takeovers in Australia
- Forums
- ASX - By Stock
- NDO
- Dissention
Dissention, page-22
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NDO (ASX) to my watchlist
|
|||||
Last
88.0¢ |
Change
-0.040(4.35%) |
Mkt cap ! $194.9M |
Open | High | Low | Value | Volume |
85.5¢ | 90.0¢ | 85.5¢ | $52.47K | 59.84K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1170 | 87.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
90.0¢ | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1170 | 0.870 |
2 | 53000 | 0.860 |
1 | 52516 | 0.855 |
2 | 115739 | 0.850 |
1 | 4000 | 0.810 |
Price($) | Vol. | No. |
---|---|---|
0.900 | 15000 | 1 |
0.920 | 1270 | 1 |
0.970 | 19999 | 2 |
1.010 | 989 | 1 |
1.050 | 115000 | 2 |
Last trade - 15.31pm 05/08/2024 (20 minute delay) ? |
Featured News
DVP
Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
NDO (ASX) Chart |