Actually, I might add an item "4a" to your list.
In the bidders statement 3.3(e):
If the Bidder acquires a Relevant Interest in more than 75%, but less than 90%, of theXanadu Shares, then the Bidder intends to actively encourage Xanadu to apply for removalof Xanadu from the official list of ASX to the extent that it is able to do so consistently withASX guidance.
So if Bastion get over 75% but under 90% they will try and de-list from the ASX. Thus if you still hold shares after de-listing they will be difficult to sell. [Clause 3.3(f) says basically the same thing, but for the TSX listing].
Actually, I might add an item "4a" to your list. In the bidders...
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Last
7.8¢ |
Change
-0.001(1.27%) |
Mkt cap ! $181.0M | |||
| Open | High | Low | Value | Volume |
| 7.9¢ | 7.9¢ | 7.8¢ | $27.03K | 342.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 7173267 | 7.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.9¢ | 22878 | 2 |
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| Last trade - 11.11am 16/06/2025 (20 minute delay) ? |
| XAM (ASX) Chart |