SPR 10.7% 98.5¢ spartan resources limited

Ann: Completion of Placement and Institutional Entitlement Offer, page-29

  1. 4,997 Posts.
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    Yes, it went through as an on-market block trade ~1 hr prior to yesterday's open. Based on usual trading norms* you'd think that since it went through as a single trade then it went to a single buyer. If that assumption holds true, then it would trigger a F603 due sometime this week.

    (*Just a bit of a caveat that I don't know the precise mechanics of the Block Trade facility. That is, whether multiple buy-side purchases from different buyers can be bundled together to match the single sell-side block offer. If that's possible and happened, then it's quite foreseeable there might be no inbound F603 (because multiple buyers and no new 5%+ holder). I tend to lean towards assuming the more traditional approach, being one buyer for one seller per on-market trade, regardless of the ASX platform the sale goes through.)
    Last edited by zebster: 23/04/24
 
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98.5¢
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1 200000 97.5¢
 

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99.0¢ 16444 2
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