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ESS essential metals limited

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50.0¢

Could be a potential bidder and not IGO/T?. IMO, the 75% and 50%...

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silsol

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10/01/23

11:35

Post #: 65613524
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Originally posted by Names little: ↑

Hi silsol, the 10% blocking stake comes from the compulsory acquisition level of 90%, once a party gets to 90% acceptances they can compulsory Aquire the remaining 10%.

But that threshold doesn’t apply to a scheme of arrangement, which is the method being used in this offer, if they meet the criteria of 75% acceptance and 50% of voters then the arrangement will apply to everyone.

Thats my understanding anyway.

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Could be a potential bidder and not IGO/T?.

IMO, the 75% and 50% will easily get through. If IGO/T hold shares, they are not counted in the 75/50 vote( someone check this out?)

Who is behind that 6.04% holding listed to Citicorp Nominees?

ESS Price at posting: 48.0¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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Could be a potential bidder and not IGO/T?. IMO, the 75% and 50%...

Top Stories

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Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

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