There is now 29.64% of shares firmly committed under a "Relevant interest – Form 604" and 21.69% of "Shares subject to IAF" for a total of 51.33%.
With these numbers a successful takeover by TRY is now starting to look like a formality, because any counter bidder knows that TRY has 29.64% of AZH shares already firmly committed.
I can see the acceptances rolling in now, and if TRY doesn't quite get to the 90%, with some investors determined to hold out, then a delisting of AZH is on the cards imo.
AZH Price at posting:
30.5¢ Sentiment: None Disclosure: Not Held
