GNX
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0.00% 27.5¢ genex power limited

Ann: Becoming a substantial holder from MS, page-14

  1. Mr.Lumin
    1,420 Posts.
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    22/05/24
    13:03
    Post #: 73953797
    Skips 20%
    +
    Morgan Stanley's 5% (on behalf of who?)

    is a 25% blocking stake meaning they can block both phases of the JPower offer. Both the scheme, and the compulsory off market takeover offer threshold.

    At the very best, JPower will end up with a large portion of the company but will not solely own GNX.

    Hold tight shareholders. Higher offers from Jpower will likely come downhearted line.
    GNX Price at posting: 27.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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