75% does not automatically delist the public company as alleged.
Gina needs 90-95% to compulsory acquire the remainder and delist it.
75% provides a special resolution can be moved to go from public to private but with FMG & thousands of small holders there is no point being private.
FMG really did itself a disservice in selling down from 15% to 11.37% for a 0.2c gain.
The bidders statement does not mention going private sub 90%
A real fight at 75% may ensue.
75% does not automatically delist the public company as alleged....
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