Are there any experts on ASX takeover rules here? This is my understanding, but are there other ways ownerhip can be transferred?
If the 20% rule is exceeded, then either an on market takeover (through trading), off market takeover (through offer to shareholders) or a scheme of arrangement. The last two require shareholder approval, so I would assume anything from here would require a vote. Is the another mechanism for whoever the bidder is to aquire the company?
@stoodstill what are you referring to by doing it twice? was there another company in similar situation?
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Mkt cap ! $27.13M |
Open | High | Low | Value | Volume |
13.0¢ | 13.0¢ | 13.0¢ | $38 | 295 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 28727 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 28270 | 2 |
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No. | Vol. | Price($) |
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1 | 28727 | 0.130 |
3 | 40619 | 0.125 |
3 | 138341 | 0.120 |
1 | 10000 | 0.100 |
1 | 10500 | 0.094 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 28270 | 2 |
0.145 | 460158 | 6 |
0.150 | 50000 | 1 |
0.155 | 35745 | 1 |
0.195 | 1250 | 1 |
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