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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