I am thinking it is just through dilution of their holding by the issue of additional shares.
The announcement says they ceased being a substantial holder on 27th April -the day NSL relisted and there is no way 13M shares traded that day. So I think it is just that they relisted with a greater number of shares on issue.
Also if you look at the top 20 shareholders disclosed by NSL in their announceets riorto relisting it has the 'CBA' holding as 4.94% of the company which is less than the 5% that would qualify them as a substantial holder.
Just my best guess though.
- Forums
- ASX - By Stock
- ELE
- cba block trade??
cba block trade??, page-3
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ELE (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $24.27M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
ELE (ASX) Chart |
Day chart unavailable