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clock Created with Sketch. 23/08/14
08:56
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Originally posted by strauss
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interesting Im going to have a good read of all this but my initial thoughts are they still picked up 10M shares which equates to 5% of the issued equity which is more than the 3% rule, but theres a subclause which means that if you were diluted then the 3% applies to your maximum holdings level within that said 6month period?
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Yep, whether mandatory or not, we're now in takeover attempt mode. Should find out in the next week what that offer is.
