One is able to purchase up to 19.9% of shares unrestricted. Once one purchases 20% of shares, they are obliged to make a takeover offer (in whatever form).
Announcements in changes in substantial holding happen at 5%, and for every change greater than 1% beyond that.
So, it doesn't look like anyone has been making their way to 20% stake to then make an offer. But for such a small company like PCL, it would be trivial of any major player to go that route. They'd simply make a scrip bid.
General Thoughts, page-5237
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $121.9M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.6¢ | 1.5¢ | $20.94K | 1.347M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 5882558 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 1225750 | 1 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| PCL (ASX) Chart |