RRP 0.00% 8.5¢ realm resources limited

Ann: $1.35 Unconditional and Last and Final Offer - 5th Supp, page-22

  1. 1,671 Posts.
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    Under the Takeover offer they need 96.41% acceptances before they can compulsorily acquire.

    There are different provisions if they reach 90% and there is no current bid on the table (that's the way I read it).
    Actions here will be dictated by the number of shareholders holding atleast $500 worth of shares.

    Taurus can also use creep provisions to increase their holding. They can increase by 3% every 6 months.
    The problem they have with this is that the shares aren't trading.

    There is more information on page 33 of the initial 220 page Target statement released a few months ago.

    Don't forget the bidder needs to advise they market when their holding increases by atleast 1%.
 
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Currently unlisted public company.

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