Only maybe. It's a partial takeover not a full takeover, and no mention of whether it would remain listed or if he just wants to clean up any shareholders not prepared to go along for the ride.
As usual with an Acton announcement there is some confusing wording.
Per ann 30/8/2023 (last update of shares on issue) - total shares are 62,431,719
Lev currently holds in the order of 32,202,281 (51.58%)
Other shareholders are 30,229,438
An acquisition of 11,237,709 lifts Lev to 70% of shares in total, leaving other shareholders at 30%.
It seems to be a way for Lev to deal with this in one hit rather than stand in the market with his usual creeping acquisition.
ANO Price at posting:
89.0¢ Sentiment: Hold Disclosure: Held
