OK last one...seems 5% is it for intial notification of a substantial holding (Form 603 Notice of initial substantial holder), but any change by 1% up or down thereafter must be notified again to the ASX. 1% change eh? Seems notification/s may be coming in soon.
now we are all clear...lol
~25million required (still not me)
"substantial holding: A person has a substantial holding in a body corporate, or listed registered managed investment scheme, if:
(a) the total votes attached to voting shares in the body, or voting interests in the scheme, in which they or their associates:
(i) have relevant interests; and
(ii) would have a relevant interest but for subsection 609(6) (market traded options) or 609(7) (conditional agreements);
is 5% or more of the total number of votes attached to voting shares in the body, or interests in the scheme; or
(b) the person has made a takeover bid for voting shares in the body, or voting interests in the scheme, and the bid period has started and not yet ended."
Source:
http://www.comlaw.gov.au/ComLaw/Legislation/ActCompilation1.nsf/framelodgmentattachments/93460B965CBC0DEECA2572490001458F
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OK last one...seems 5% is it for intial notification of a...
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