Australia's largest stock trading and investment forum Australia's #1 stock forum

FAR

Click for more information

0.00%

48.5¢ far limited

To PE or not to PE, page-55

First 55 Last

Share
Profile

Follow
the pumpkin

636 Posts.

55

10/04/17

14:04

Post #: 23976084
Share

Originally posted by szaba_the_hut ↑

http://www.globelawandbusiness.com/OGM/sample.pdf

Page 30 pre-emption rights

QUOTE
While less common, pre-emption may also apply on a share sale where a coventurer’s right to pre-empt is triggered by a change of control in the asset-holding company. In such a case, the asset-holding company is required to offer its coventurers a right to acquire the upstream interest offered for a monetary amount equivalent to the value ascribed to the upstream interest in the share sale. The valuation method and a mechanism to resolve any valuation disputes will need to be clearly described in the sale and purchase agreement.
ENDQUOTE

So for example COP Senegal BV - the asset holding company may have ascribed $600m to the JV asset in the notification and they dont have to talk about liabilities of the holding company that WPL bought.

WPL terms would be for the purchase of the holding company, FAR would not have the right to see those terms, but they did have the right for 30 days to acquire the 35% of SNE or dispute the valuation in the notification using the defined process.

Expand

If this is not the actual JV JOA docs what a waste of space

FAR Price at posting: 8.7¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

US election outcomes: Key economic and market takeaways

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

First 55 Last

Add FAR (ASX) to my watchlist

(20min delay)
Last 48.5¢		Change 0.000(0.00%)		Mkt cap ! $44.81M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	18945	48.5¢

Sellers (Offers)

Price($)	Vol.	No.
49.5¢	165000	2

View Market Depth

No.	Vol.	Price($)
1	18945	0.485
1	2100	0.475
1	42553	0.470
1	3000	0.465
1	38794	0.440

Price($)	Vol.	No.
0.495	165000	2
0.500	867	1
0.505	30348	3
0.510	69630	3
0.515	3257	1

Last trade - 16.12pm 18/11/2024 (20 minute delay)

FAR (ASX) Chart

Day chart unavailable