"As at 13 July 2018, the Bidder’s voting power in the Target is 88.79%. If the Bidder is able to reach 90% before the Offer Period closes at 7:00pm (Sydney time) on 3 August 2018, the Bidder intends to compulsorily acquire the remaining Shares. Shareholders who accept into the Offer before the end of the Offer Period will receive the $1 of consideration for their Realm Shares under the Offer sooner than shareholders whose Realm Shares are compulsorily acquired."
All they wanted was a 90% holding by Aug 3rd and they got it. So i assume they are looking to put terms together to compulsorily acquire the rest.
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- Ann: Change in substantial holding - bidder now has 95.61%
"As at 13 July 2018, the Bidder’s voting power in the Target is...
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
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