Rule 10.11 prevents a related party participating in an offer without shareholder approval.
https://www2.asx.com.au/content/dam/asx/about/regulations/annexure-h-new-gn-25.pdf
So they are saying the offer hasn't been UNDERWRITTEN OR SUB-UNDERWRITTEN by a related party.
That DOESN'T mean it wasn't sub-underwritten.
Ann: Change in Substantial Shareholding from AEF, page-14
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Last
$2.27 |
Change
0.000(0.00%) |
Mkt cap ! $1.017B | |||
| Open | High | Low | Value | Volume |
| $2.24 | $2.31 | $2.17 | $5.311M | 2.394M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27054 | $2.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.28 | 12200 | 1 |
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| BVS (ASX) Chart |