PTN patronus resources limited

Ann: Change in substantial holding from Delphi, page-3

  1. RnR
    45 Posts.
    lightbulb Created with Sketch. 15

    Shareholding thresholds - The Allens handbook on takeovers in Australia

    >50% Passage of ordinary resolutions
    A person who owns or has voting control over more than 50% of a company’s shares can unilaterally pass an ordinary resolution, because it requires approval by a majority of votes cast. Importantly, directors can be appointed and removed by shareholders by ordinary resolution. (In practice, a person can normally pass an ordinary resolution on their own with less than a 50% interest given voter turnout at company meetings is often substantially lower than 100%.)
    (Note: where there remain minority shareholders in a company, the company’s directors cannot favour the controlling shareholder over the others because the directors have a duty to consider the interests of the company as a whole. Further, related party dealings that require shareholder approval will likely need to be approved by the minority shareholders alone, with the controlling shareholder(s) excluded from voting.)

    One more fat raising should do it.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
6.5¢
Change
-0.003(3.73%)
Mkt cap ! $105.6M
Open High Low Value Volume
6.6¢ 6.7¢ 6.4¢ $62.79K 958.5K

Buyers (Bids)

No. Vol. Price($)
1 2402 6.4¢
 

Sellers (Offers)

Price($) Vol. No.
6.7¢ 162187 3
View Market Depth
Last trade - 15.08pm 03/07/2025 (20 minute delay) ?
PTN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.