Thanks Septic1!Very grateful at you doing the research for me,...

Thanks Septic1!

Very grateful at you doing the research for me, as I keep meaning to look this one up (started on the NZX, but didn't get to an answer there). Actually just checked MBD, as I'd noticed they always put "highest price allowed" on their buyback notices and they stipulate "under rule 7.33", so I should have read that!!!

For my next question, can companies do "on-market sale" instead of buyback?

I suspect not (or we would have seen it), but it sure would beat the roundabout way of effectively paying La Jolla Cove to do it as a way of raising capital...

... one day I might write to the exchanges and ask the "If not, why not?".