Maybe RF has been made aware of the fact he can exceed the 20% rule
http://www.takeovers.gov.au/content...provisions_in_australia.htm#acquisition_limit
There are a number of exceptions to the prohibition in s606, including:
.an acquisition that results from an acceptance of an offer under a takeover bid (item 1 of s611)
.an acquisition approved by a resolution of the company in which the acquisition is made (item 7 of s611)
.acquisitions of no more than 3% in every 6 months (the 3% "creep" exception in item 9 of s611)
.an acquisition that results from a rights issue (item 10 of s611)
.a downstream acquisition resulting from an acquisition of relevant interests in another listed entity (item 14 of s611) and
.acquisitions resulting from a scheme of arrangement (item 17 of s611).
Would hate to suggest RF is a "creep"
CLQ Chart, page-555
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Last
39.5¢ |
Change
-0.005(1.25%) |
Mkt cap ! $35.63M |
Open | High | Low | Value | Volume |
40.0¢ | 40.0¢ | 39.0¢ | $1.002K | 2.507K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 21 | 39.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.5¢ | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 21 | 0.395 |
1 | 12996 | 0.390 |
2 | 4226 | 0.380 |
1 | 20000 | 0.370 |
1 | 5288 | 0.365 |
Price($) | Vol. | No. |
---|---|---|
0.405 | 1000 | 1 |
0.415 | 1267 | 1 |
0.420 | 10000 | 1 |
0.435 | 2689 | 1 |
0.480 | 21250 | 2 |
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