ESS essential metals limited

Ann: Becoming a substantial holder from MIN, page-35

  1. 19,351 Posts.
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    Hi W27, my apologies, they can’t move to 20.000001% , which was the point. The becoming sub holder notice seems to have a typo as if it’s only to 13/4 then if MIN continued buying on the 14th they would be well over the threshold.

    MIN do not currently qualify for one of the exemptions, so can’t move above 20% until they do, ie by making a takeover offer. So no , they can’t buy as many as they want currently.

    All in my humble opinion though

    https://hotcopper.com.au/data/attachments/5200/5200919-6e040d618878036cf7e18b5de06383a6.jpg



 
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