AWE 0.00% 94.0¢ awe limited

This one is becoming difficult now If Mitsui get 50.1% by Friday...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,107 Posts.
    lightbulb Created with Sketch. 775
    This one is becoming difficult now

    If Mitsui get 50.1% by Friday then if you haven't accepted the offer you will become a "minority" holder.

    I suspect the liquidity of AWE shares on the ASX will therefore diminish as Mitsui's holding wont be available to for trading.

    Mitsui will clearly have voting rights and the ability to change the board and the AWE constitution going forward.....they'll be the bus driver and the conductor

    Mitsui has stated IF it gets between 75% but less than 90% it will actively look to delist AWE from the ASX.

    Who knows what happens in that event.

    IF Mitsui get 90% plus during the offer period they have stated the "intention" to proceed to compulsory acquisition of the remaining shares resulting in every holder getting the 95c.....but it seems to be only stated as their "intention" that to me does not seem to mean that it's "guaranteed".

    Pretty much got until the end of the week to decide......it's a bit like...."Dear sir....which way would you like to be reamed?"
 
watchlist Created with Sketch. Add AWE (ASX) to my watchlist

Currently unlisted public company.

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