Brahms,
It is legal,but they must declare any off market share parcel purchase,then if 20% threshold is reached,they can proceed with a on Market offer.and repeat if they want.
Cue energy was effectively 49% controlling interest captured by NZOG a couple of years ago by this method,NZOG then replaced the board with it's own personal.
kimbo45
Ann: Change in substantial holding, page-45
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Last
50.0¢ |
Change
0.010(2.04%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 50.0¢ | 49.0¢ | $16.03K | 32.19K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3905 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 25043 | 4 |
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| Last trade - 14.31pm 03/10/2024 (20 minute delay) ? |
| FAR (ASX) Chart |