Hi Sid , as FT says, perhaps you should check your facts before making such incorrect statements.
From companysecretary.com.au
"And, if the holding falls below 5% a Form 605 “Notice of Ceasing to be a Substantial Shareholder” must be lodged.
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. "
So not immediately as you claim
Thanks
sub 6 selling, page-16
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
