Ann: Change in substantial holding from MIN, page-120

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soltrader

157 Posts.

22/02/23

22:57

Post #: 66407258

Originally posted by greenleaf: ↑
Excel sheet split of holders/folders - we have the 10% compulsory takeover blocked in our top 80 (excl Nominee accounts) : we have the 20% takeover blocked (causing CGT implications for folders) - these are my estimates only - looking at 25 - 30% blocking stakes :-

NWE Shareholders - rough estimate of possible blocking stake NWE Minres

Loyals non loyal

as at 22/02/2023

________________________________________________________________________________ Millions Millions

Top 20 shareholders excl nominee acc and minres & sellouts

368.5

Top 20 - 40 shareholders (taken from notes on Hotcopper contributors

20 holders at approx 14 mil each

280

Top 40 - 80 shareholders

40 holders at approx 4 mil each

160

________

Blocking stake for minres - greater than 10% in top 80

808.5 BLOCK - 10% of 6929.0 mil shares on issue

Minres shareholding + NWE sellouts

4471.1

Unkown shareholdings within Nominee account - in top 20 -say 60/40% of 214.2m 128.5 85.68 ***could be greater swing to NWE.

(otherwise they'd be folded)

Iain Smith - final fold/hold

20

________ ________

Comparison before balance shareholders taken into account

937 4576.78 5513.78 shares split between hold/fold

Balance s/holdings 1416 million - split loyals and traders/non-loyals 90/10
1274.4 141.6 *** shareholders should mostly have

folded so using 90/10 split

________ ________

My estimate of blocking stakes - holders will have approx 32% 2211.4 4718.38
6929 shares issued

________ ________

Expand

Great work greenleaf.
I was concerned that if a majority of the Top 20 fold, that would bring up MIN's % much closer to desired goal of total control.
Until I realized even if all of them fold, MIN would still most likely get approx. 70% max (the other 19 top holders are 9%)

I hope this is a calming to others as it was to me.

NWE Price at posting: 6.4¢ Sentiment: Hold Disclosure: Held

22 Upvote

2 Great analysis

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Ann: Change in substantial holding from MIN, page-120

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