Hi gingerclam
My reading is that the takeover flag happens at 20% (similar to Australian Corporations law) and that at 25%, New Zealand Overseas Investment Office consent may be required.
The following link may be helpful – it provides a summary of the takeover rules applying in NZ.
https://www.takeovers.govt.nz/guida...governs transactions,is at least medium-sized
Ann: Preliminary Final Report and 2021 Full Year Accounts, page-7
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| Open | High | Low | Value | Volume |
| $12.52 | $12.60 | $12.31 | $1.563M | 125.9K |
Buyers (Bids)
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| 7 | 101 | $12.41 |
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|---|---|---|
| $12.42 | 314 | 3 |
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