virginafr: group swoops in for a bigger stake

As expected, Virgin Group is buying the falling VBA shares behind scene.

$10m for 5m VBA shares - about 0.5% of the total issued shares.

My question is: why there is no formal ASX announcement for this purchasing?

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Virgin Group swoops in for a bigger stake

Date: 11/3/2005
Author: Tansy Harcourt
Source: The Australian Financial Review --- Page: 64

British-based Virgin Group has bought almost $A10 million worth of shares inVirgin Blue. The purchase of a further five million shares at $A1.95 each comesas market watchers expect the Australian budget airline's majorshareholder, Patrick Corporation, to raise its offer of $A1.90 a share for the45.4% of Virgin Blue stock it does not already own. On 10 March 2005, thecarrier's share price shed $A0.04 to close at $A1.94, with investorsmindful of Virgin Blue's two profit warnings in the past five months