The directors only require notice if they become or cease to become a substantial holder. If a shareholder or their associates hold 5% or more of the company shares, he or she is considered a substantial holder.
Notification ObligationsTherefore, under sec. 671B, any shareholder who acquires (alone or with associates)a relevant interest in 5% or more of a company’s shares must disclose that fact bylodging an ASIC Form 603 “Notice of Initial Substantial Shareholder” with theCompany and disallowed. This lodgement requirement also extends to ashareholder making a takeover bid even if the initial holding is below 5%. Page 2 of 2Furthermore, for each 1% (or more) change in holding a Form 604 “Notice of Changeof Interests of Substantial Shareholder” must be lodged. And, if the holding fallsbelow 5% a Form 605 “Notice of Ceasing to be a Substantial Shareholder” must belodged.These Forms must be lodged within 2 business days after they become aware of thetransaction or change in % holding and by 9:30am next stock exchange trading dayin a takeover situation.If there are a number of Substantial Shareholders with similar or related relevantinterests (eg. a corporation and its related corporations, or the manager and trusteeof an equity trust), the names can be included in an annexure to the Form. If therelevant interests of a group of persons are essentially similar, they may be referredto throughout the Form as a specifically named group if the membership of eachgroup, with the names and addresses of members is clearly set out in the Form.
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Last
6.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.862M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 88627 | 6.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.0¢ | 20890 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 88627 | 0.062 |
1 | 20100 | 0.061 |
1 | 86000 | 0.055 |
1 | 55000 | 0.053 |
1 | 13890 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 20890 | 1 |
0.071 | 200 | 1 |
0.086 | 93 | 1 |
0.105 | 1524 | 1 |
0.175 | 22450 | 1 |
Last trade - 16.12pm 06/09/2024 (20 minute delay) ? |
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