Releasing that many shares into the market to exising LINK shareholders all at once and many would have small parcels will put pressure on the share price. A 40% holding is a controlling stake, farming that out to smaller share holders makes it a more attractive take over target.
Look at the drop today and have you noticed the increase in volumes since LINK sold 10% of its PEXA holding.
Ann: LNK: Pexa in-specie distribution approved by Link shareholde, page-4
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Last
$13.88 |
Change
-0.100(0.72%) |
Mkt cap ! $2.462B | |||
| Open | High | Low | Value | Volume |
| $13.96 | $13.97 | $13.81 | $2.425M | 174.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 965 | $13.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.89 | 800 | 2 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| PXA (ASX) Chart |