This relates to the 50m shares purchased by Pioneer Credit.
One of the conditions of the purchase was:
"Pioneer Australia has agreed that, for a period of one year from the Completion Date, it (and its related entities) will act in accordance with a majority recommendation of the board of directors of Paragon made to shareholders of Paragon to support an offer from a third party for shares of Paragon proposed under a scheme of arrangement or a takeover bid (in the absence of a superior proposal) and, accordingly, will vote in favour of the scheme of arrangement or accept the takeover bid, as applicable, provided that the offer price is at least 110% or more of the Subscription Price."
This effectively gave Paragon Care some control of the voting of those 50m shares.
Now that one year has passed, that control no longer exists.
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- Ann: Ceasing to be a substantial holder
Ann: Ceasing to be a substantial holder, page-3
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Last
42.5¢ |
Change
0.005(1.19%) |
Mkt cap ! $686.9M |
Open | High | Low | Value | Volume |
41.0¢ | 43.0¢ | 40.5¢ | $1.352M | 3.222M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 101007 | 42.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.0¢ | 100314 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 122088 | 0.425 |
7 | 73096 | 0.420 |
3 | 11100 | 0.415 |
3 | 15499 | 0.410 |
4 | 202323 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 98916 | 6 |
0.435 | 21400 | 2 |
0.440 | 29198 | 3 |
0.445 | 62487 | 3 |
0.450 | 140882 | 6 |
Last trade - 13.24pm 19/08/2024 (20 minute delay) ? |
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