AAR 1.39% 7.3¢ astral resources nl

OK last one...seems 5% is it for intial notification of a...

  1. 13,366 Posts.
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    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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