Your point isn't untenable, because as @TrayonRanger stated, Hancock could accumulate another 3% on market under the "creep provisions" without triggering the full offer requirement. But if Hancock increases (or indeed decreases) its holding by in excess of 1% point, there is a requirement to report it to the market within a couple of trading days as a change in substantial shareholding.
regards
DF
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2500 | 86.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1 | 684 | 0.815 |
2 | 5069 | 0.810 |
7 | 43242 | 0.790 |
5 | 42242 | 0.785 |
Price($) | Vol. | No. |
---|---|---|
0.725 | 8018 | 2 |
0.750 | 3891 | 1 |
0.760 | 2665 | 5 |
0.765 | 804 | 1 |
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