Hi Nui - yes you are correct:
"These Forms must be lodged within 2 business days after they become aware of the transaction or change in % holding and by 9:30am next stock exchange trading day in a takeover situation."
As this is a takeover situation & 40mil trade on Friday is approx 2% of shares on issue, would expect notice on Monday if it was them or 'related party':
"Therefore, under sec. 671B, any shareholder who acquires (alone or with associates) a relevant interest in 5% or more"
I guess 'related party' is any 'friendly' party buying the shares at 5c to later sell into the 5.5% offer - nice profit for the 'friendly' party. I am sure it is all a very 'grey' area at this stage, will just have to wait & see what unfolds
approx 2 000 000 000 shares on issue, so 20 000 000 is 1% change, so 40mil Friday trade is 2%
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84.5¢ |
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Mkt cap ! $189.2M |
Open | High | Low | Value | Volume |
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---|---|---|
2 | 7341 | 81.0¢ |
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Price($) | Vol. | No. |
---|---|---|
84.5¢ | 8900 | 2 |
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No. | Vol. | Price($) |
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1 | 7700 | 0.805 |
1 | 7500 | 0.800 |
1 | 5000 | 0.780 |
1 | 25000 | 0.760 |
Price($) | Vol. | No. |
---|---|---|
0.845 | 8900 | 2 |
0.880 | 6000 | 1 |
0.890 | 6612 | 1 |
0.900 | 500 | 1 |
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