sorry too start a new thread but
can any one tell me what happens to options if there is a takeover
ie
anglo have 85 mill shares
total shares after offer is 568
so they have at least 15%
if they take up all options they have another 15% plus more if they take up shortfall
so they easily get 30 %
I'm assuming a takeover at some point if the mine/fields live up to promise
Shareholding thresholds are:
"> ThekeyshareholdingthresholdsinanASX-listed Australian company from a Corporations Act perspective are: ≥5% (obligation to le substantial holding notice), >10% (ability to block compulsory acquisition), >20% (takeovers threshold), >25%(abilitytoblockschemeofarrangementandspecial resolution), >50% (ability to pass ordinary resolution), ≥75% (ability to pass special resolution) and ≥90% (entitlement to compulsory acquisition)."
what happens to our option holdings ?
does anyone know
- Forums
- ASX - By Stock
- OGX
- anglo takeover question
anglo takeover question
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)