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thepylee

2,941 Posts.

486

18/09/19

19:18

Post #: 40472130
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Originally posted by MickySea: ↑

Good question. This point is interesting:

Ownership in PPF providers is governed by
the FSSA. The FSSA limits shareholdings of an
individual shareholder or a group of associated
shareholders in a PPF provider, whether held
directly or through another entity or entities, to
15 per cent of the PPF provider’s voting shares.
The Treasurer, or in some cases APRA under
delegated authority from the Treasurer, may
approve a higher shareholding limit for specific
institutions on national interest grounds.

Expand

15% limit shareholding of an individual, the biggest shareholder being JK at 153,153,654 out of 1,094,850,495 shares.

That's 13.99% so that's still well within APRA ADI PPF's requirements.

ISX Price at posting: $1.01 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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