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?
Are there any experts on ASX takeover rules here? This is my...
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Last
13.0¢ |
Change
-0.005(3.70%) |
Mkt cap ! $27.13M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.0¢ | $6.599K | 50K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19008 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 106683 | 4 |
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| Last trade - 15.39pm 19/06/2025 (20 minute delay) ? |
| MTC (ASX) Chart |