VOR 0.00% 39.5¢ vortiv limited

30 August Timeline, page-40

  1. 3,108 Posts.
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    Well this is turning into quite the little conspiracy theory isn't it?

    But getting back on topic, the wording in my post above says "In the absence of a strategic sale". But I'm not sure if this implies that a strategic sale needs to occur before 30-Aug-16. I think that date is just a deadline to for IPO and listing.

    Even a sale to TSN before this date would have required some sort of notification prior to that date, notices to shareholders, announcements to ASIC etc., now can all this occur between now and end of August?

    The wording of the clause seems to also suggest that its upto CX to decide what happens after 30-Aug if no IPO occurs: "If such a listing is not achieved by 30 August 2016, then the Investors may cause TSI India to list on an exchange in India or overseas according to the then prevailing law."
    Last edited by SeatBackForward: 07/07/16
 
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