Maybe RF has been made aware of the fact he can exceed the 20% rule
http://www.takeovers.gov.au/content...provisions_in_australia.htm#acquisition_limit
There are a number of exceptions to the prohibition in s606, including:
.an acquisition that results from an acceptance of an offer under a takeover bid (item 1 of s611)
.an acquisition approved by a resolution of the company in which the acquisition is made (item 7 of s611)
.acquisitions of no more than 3% in every 6 months (the 3% "creep" exception in item 9 of s611)
.an acquisition that results from a rights issue (item 10 of s611)
.a downstream acquisition resulting from an acquisition of relevant interests in another listed entity (item 14 of s611) and
.acquisitions resulting from a scheme of arrangement (item 17 of s611).
Would hate to suggest RF is a "creep"
CLQ Chart, page-555
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Last
48.5¢ |
Change
-0.020(3.96%) |
Mkt cap ! $43.76M |
Open | High | Low | Value | Volume |
45.5¢ | 50.0¢ | 44.0¢ | $34.40K | 74.16K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 954 | 46.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 954 | 0.460 |
1 | 1299 | 0.450 |
1 | 1200 | 0.440 |
1 | 12000 | 0.430 |
1 | 3673 | 0.420 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 10000 | 1 |
0.515 | 10525 | 1 |
0.520 | 5845 | 2 |
0.525 | 10000 | 1 |
0.530 | 27300 | 1 |
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