My reading of the Corporations Act is that you cannot go over the 20% other than under certain exemptions. Buy backs are one of the many exemptions.
If one then starts to buy to go even further above the percentage ownership then I'd say they are contravening the Act.
My reading of the Corporations Act is that you cannot go over...
Add CLE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.47M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.1¢ | 0.1¢ | $0 | 308 |
| CLE (ASX) Chart |