GNX genex power limited

Ann: Genex enters into binding TID with J-Power, page-59

  1. 1,914 Posts.
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    Hopefully Skip filling up their pockets.

    Think the owned 19.9% before the takeover announcement.

    25% would give them the ability to block both the scheme of arrangement and the off market takeover bid.

    5% increase in their ownership of GNX required to do so is only 65-70 million sares.

    At an average price of 26.75 cents this would set them back only 17-18 million AUD.
 
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