This is a rare occasion where it is not scare tactics- just obligations to disclose under 2 different pieces of regulation which operate independently, and with different deadlines. Here- since the PGH substantial shareholder is also a PGH director- they tend to track each other closely, but not exactly.
App 3Y is required for directors under the Listing Rules (as you say within 5 business days): previous one was published on 30/1 covering trades from 23-29 Jan. Today’s 3Y covers trades from 30/1 to 6 Feb. This must be disclosed even if the trades are tiny.
The notice 2 days ago was not a 3Y but the substantial shareholder movement- required under the Corporations Act. “[During a takeover] the bidder must notify the ASX by 9.30am on the next tradingday, whenever there is a movement of at least 1% in the bidder's holding”. Ie must disclose immediately the holding changes by more than 1.00% from the previous sub sh notice.
RG’s interests changedto 85.12% on Friday 2 Feb, and that was disclosed on next trading day being Mon5 Feb. The latest 3Y today showed a holding of 85.39% at COB yesterday 6 Feb. Thus he acquired 0.27% on Monday and Tuesday. These must all have been acceptances off market, since there were no shares traded at 84c on market.
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Ann: Appendix 3Y (Raphael Geminder), page-3
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Last
85.0¢ |
Change
0.015(1.80%) |
Mkt cap ! $292.6M |
Open | High | Low | Value | Volume |
85.0¢ | 85.0¢ | 84.5¢ | $129 | 153 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 84.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
85.0¢ | 8922 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 0.840 |
1 | 3 | 0.835 |
1 | 3 | 0.830 |
1 | 2787 | 0.825 |
1 | 11151 | 0.820 |
Price($) | Vol. | No. |
---|---|---|
0.850 | 8922 | 5 |
0.860 | 19091 | 3 |
0.870 | 34275 | 2 |
0.880 | 1604 | 1 |
0.900 | 5950 | 2 |
Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
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PGH (ASX) Chart |