Ann: Ceasing to be a substantial holder, page-5

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edshann

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05/08/20

21:49

Post #: 46332167
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Originally posted by edshann: ↑

They only became a substantial holder on 21/2/20 under an agreement with a Chairman related company IFIS. Can anyone understand what the agreement was? There was a repurchase agreement with IFIS that gave IFIS the right of first refusal to repurchase the shares if they were sold on market within a year (I think).

It is beyond my pay grade. I think the Chairman's company sold Arch/Nead shares under this agreement on 21/2/20 and presumably chose not to exercise its right to buy them back on 30/7/20 as no notice of change of the Chairman's holding has been lodged. Therefore someone independent of the Chairman has bought the shares. That is Arch/Nead sold the shares and the Chairman was not prepared to buy them back at over 16 cps. Widening the shareholder base is probably desirable.

We have no new substantial owner notice lodged so it is not clear who bought them, despite the trade being above 5% of share capital. Presumably sold to multiple holders, unless a substantial shareholder statement is lodged soon.

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Trade on 21/2/20 could have been around 10 cps looking at history, though I do not see a large trade recorded at that time.

Anyone with a view on transaction history?

AGD Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.8¢		Change 0.000(0.00%)		Mkt cap ! $41.63M

Open	High	Low	Value	Volume
6.8¢	6.8¢	6.8¢	$1	14

Buyers (Bids)

No.	Vol.	Price($)
1	59	6.8¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	13883	1

View Market Depth

No.	Vol.	Price($)
1	59	0.068
1	44776	0.067
1	100000	0.066
2	37692	0.065
2	84000	0.064

Price($)	Vol.	No.
0.070	13883	1
0.071	150000	1
0.074	24160	1
0.076	40000	1
0.077	10000	1

Last trade - 15.18pm 17/06/2025 (20 minute delay)

AGD (ASX) Chart

Ann: Ceasing to be a substantial holder, page-5

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Ann: Ceasing to be a substantial holder, page-5

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