anglo takeover question, page-3

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sirjohnnyboy

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10/02/17

08:55

Post #: 22506905
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Originally posted by batboy ↑

sorry too start a new thread but
can any one tell me what happens to options if there is a takeover

ie
anglo have 85 mill shares
total shares after offer is 568
so they have at least 15%

if they take up all options they have another 15% plus more if they take up shortfall
so they easily get 30 %

I'm assuming a takeover at some point if the mine/fields live up to promise

Shareholding thresholds are:
"> ThekeyshareholdingthresholdsinanASX-listed Australian company from a Corporations Act perspective are: ≥5% (obligation to le substantial holding notice), >10% (ability to block compulsory acquisition), >20% (takeovers threshold), >25%(abilitytoblockschemeofarrangementandspecial resolution), >50% (ability to pass ordinary resolution), ≥75% (ability to pass special resolution) and ≥90% (entitlement to compulsory acquisition)."

what happens to our option holdings ?

does anyone know

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Hi Batboy,

Regarding the options, my understanding is that there is a formula that is applied to calculate their value. Ron or someone else will probably know much more. I know very little about the details.

I hope others are generous with their knowledge.

Cheers,

SJB

OGX Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
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anglo takeover question, page-3

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