CTP 7.27% 5.1¢ central petroleum limited

Central Petroleum Shareholders Association, page-11

  1. 8,112 Posts.
    lightbulb Created with Sketch. 73
    How about this one

    12.2 Reimbursement Fee triggers

    If some one else makes an offer to CTP then Bidcon can seek reimbursement of @2,040 Mil

    That is like  real estate agent knocking on your million dollar home an saying we offer you $200,000. to buy your home. You say let me ask my family , You ask and they send you to the local hospital to see if your in charge of your faculties. The offer is naturally refused and the Agent says here is by account of $2,040 Mil for asking you to sell your home.

    I might be Old, I may white BUT I ain't GREEN

    CB [email protected]

    12.2 Reimbursement Fee triggers

    Central must pay the Reimbursement Fee to BidCo, without set-off or
    withholding, if:

    (a) any member of Central Board:

    (i) has failed to recommend the Proposed Transaction in the manner
    described in clause 6.1; or

    (ii) has changed his or her recommendation to the Scheme
    Shareholders that they vote in favour of the resolution to approve
    the Scheme (including any adverse modification of his or her
    recommendation) or otherwise made a public statement indicating
    that he or she no longer supports the Proposed Transaction, other
    than:

    (A) where the change of recommendation or public statement is
    made following the receipt of the report of the Independent
    Expert where that report states that in the opinion of the
    Independent Expert the Scheme is not in the best interests
    of Central Shareholders (other than where a Competing
    Proposal has been proposed or announced before the report

    is issued where the Independent Expert’s conclusion is due
    wholly or partly to the existence, announcement or
    publication of a Competing Proposal); or

    (B) where Central has terminated this deed pursuant to its right
    to terminate under clause 11.1(b)(i) or 11.1(b)(iv).

    (b) a Competing Proposal of any kind is announced during the Exclusivity
    Period (whether or not such proposal is stated to be subject to any preconditions)
    and within 12 months of the date of such announcement:
 
watchlist Created with Sketch. Add CTP (ASX) to my watchlist
(20min delay)
Last
5.1¢
Change
-0.004(7.27%)
Mkt cap ! $37.74M
Open High Low Value Volume
5.2¢ 5.2¢ 5.1¢ $9.557K 184.5K

Buyers (Bids)

No. Vol. Price($)
1 37777 5.1¢
 

Sellers (Offers)

Price($) Vol. No.
5.5¢ 16663 1
View Market Depth
Last trade - 16.10pm 06/08/2024 (20 minute delay) ?
CTP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.