Corporations Act 2001 obliges a person who obtains a “substantial holding” (5%) in a listed public company to disclose the interest to the company within two days of acquiring the interest and serve a copy of the disclosure on the relevant market operator (generally the Australian Securities Exchange (ASX)). from Post #:45017384
Q, Now that KB has sold part of his 56m shares that it puts him under that 5% mark. Hence no longer a substantial holder as per ASX guidelines.
DXN Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
