Exceptions to the "20% Rule" - creep acquisition: Acquisitions of up to 3% every 6 months from a starting point above 19%. Note that a person who has acquired more than 20% under another exception must wait 6 months before it can make acquisitions under this exception. Details here.
So a buyback of 10% of outstanding shares, for example, would not trigger the 20% mandatory takeover offer rule as it would increases APAC's stake by less than 3%.
MLX Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)