Are there any experts on ASX takeover rules here? This is my understanding, but are there other ways ownerhip can be transferred?
If the 20% rule is exceeded, then either an on market takeover (through trading), off market takeover (through offer to shareholders) or a scheme of arrangement. The last two require shareholder approval, so I would assume anything from here would require a vote. Is the another mechanism for whoever the bidder is to aquire the company?
@stoodstill what are you referring to by doing it twice? was there another company in similar situation?
Ann: Appointment of Technical Director - Mr Clifford Fitzhenry, page-61
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