FFX 0.00% 20.0¢ firefinch limited

Ann: Becoming a substantial holder, page-19

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  1. 3,993 Posts.
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    The 6.05% sub notice will, I suspect, quickly become 20%+ if a blocking stake is required. It will certainly involve a whole lot of extra paperwork coordination to obtain witnessed signature documents from everyone who has pledged support, but if a takeover needs blocking then I think the shareholder group will easily already have the numbers to exceed the 20% threshold to block a takeover and it will just be a matter of getting the sigs and submitting an updated sub holder notice to FFX.
 
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