I seem to recall a statement that C Giles would not increase his % held in the company during the share issue and we recently had a notice of a 10M share placement at 10c which I think TOD has confused with the announcement of the change in % for Giles.
You could easily make the case that Giles should have taken up his rights but then he would probably have triggered the 20% which he said he would not.
This most recent announcement seems to simply be a statement that his holding is unchanged but his % had reduced. I won't be surprised to see an announcement shortly that it has increased if he is able to take up the remainder of the shortfall. I cannot comment about the ASX rules as I don't know them.
If you do the numbers the shares on issue went from 218M to 265M and the issue was capped at about 274M.
We had an announcement today of a new substantial holder as well.
TOD/Eddy etc, I know you are disappointed but taking personal shots at Giles is in poor taste and does not add to the conversation.
Ann: Change in substantial holding, page-13
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Last
20.0¢ |
Change
0.005(2.56%) |
Mkt cap ! $67.85M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.5¢ | $4.636K | 23.30K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 18949 | 1 |
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| Last trade - 11.44am 14/11/2024 (20 minute delay) ? |
| HAV (ASX) Chart |