NWE 0.00% 5.6¢ norwest energy nl

So best and final offer. mmso if we continue to hold he wont get...

  1. 10,990 Posts.
    lightbulb Created with Sketch. 239
    So best and final offer. mm
    so if we continue to hold he wont get to 90% and be able to delist NWE.
    Only way that can happen is if he makes a better offer,Which IMO he would be best to do before the well completion.
    I'm lead to believe that due to the rules of % owned CE wont be able to get rid of the 65% rule. as the stipulation around this is that Min may not be able to vote. as it is most definitely not in the company's best interests that being NWE.

    (Note: where there remain minority shareholders in a company, the company’s directors cannot favour the controlling shareholder over the others because the directors have a duty to consider the interests of the company as a whole. Further, related party dealings that require shareholder approval will likely need to be approved by the minority shareholders alone, with the controlling shareholder(s) excluded from voting.)




 
watchlist Created with Sketch. Add NWE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.