Ann: Shipping and Operations Update, page-55

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col69

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21/06/19

13:22

Post #: 39174376
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Originally posted by zoomyjeff ↑

Col, Sorry you are partly correct, I didn't read it far enough!
RG 5.298 Where the listed entity is not the subject of a takeover bid, the substantial holding notice must be given within two business days of:
(a) the person becoming, or ceasing to be, a substantial holder in the listed entity; or
(b) a movement of at least 1% in the person’s substantial holding in the listed entity.

However at another part of this document page 72:
Remember that a person may acquire a relevant interest in securities (and therefore become a substantial holder) before an agreement is performed.
For example, a person who makes an ordinary purchase of securities on-market will acquire a relevant interest in those securities when the trade takes place, not when settlement occurs (usually threedays later).

So effectively we should see a notice on Monday or first thing on Tuesday, that is assuming the purchase is one related entity.

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No dramas here ... there are pages of guidelines and legal jargon ... lol

I have always wondered about the T+2 scenario ... thanks for finding that bit for me and educating me ... much appreciated.

Never too old to learn as they say .... personally I prefer the saying 'you are only as old as you feel'

Last edited by col69: 21/06/19

AJM Price at posting: 13.5¢ Sentiment: Hold Disclosure: Held
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Ann: Shipping and Operations Update, page-55

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Ann: Shipping and Operations Update, page-55

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