ODN 0.00% 0.0¢ odin energy limited

Ann: Share Sale Agreement with gridGomm, page-118

  1. 5,732 Posts.
    Hey @McDuff - I don't own ODN but was reading up seeing itz mentioned a lot on DT (am thinking maybe worthwhile getting small holding/still undecided)

    I don't think 6% can hold back an acquisition

    Shareholding thresholds >

    The key shareholding thresholds in an ASX-listed Australian company from a Corporations Act perspective are: ≥5% (obligation to file substantial holding notice), >10% (ability to block compulsory acquisition), >20% (takeovers threshold), >25% (ability to block scheme of arrangement and special resolution), >50% (ability to pass ordinary resolution), ≥75% (ability to pass special resolution) and ≥90% (entitlement to compulsory acquisition).

    https://www.allens.com.au/pubs/pdf/ma/takeovers-handbook.pdf
    Last edited by HSydney: 18/03/16
 
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