Ann: Change in substantial holding, page-9

If, as you'd expect, DELPHI purchased the other two parcels from MACA on 25/11/19 then as mentioned above, DELPHI would be over 20%. Doesn't this trigger the requirement for a takeover offer according to ASX rules?

Very interesting trading, on the one hand you've got the contractor getting out (alarm bells) but on the other real significant buying from one holder (not as noisy bells).