It stops somebody getting 51% and then controlling the company. I have seen it happen where the company didn't have the protection and all the directors were moved on and then the acquirers threatened to delist the company and succeeded in a total takeover a lot easier.
Maybe other reasons but it is protecting shareholders.
I think there has to be a shareholder vote to change control of the company if it happens and the vote has to be 70 or 80% for it to succeed.
It stops somebody getting 51% and then controlling the company....
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
50.5¢ |
Change
-0.015(2.88%) |
Mkt cap ! $91.57M | |||
| Open | High | Low | Value | Volume |
| 52.5¢ | 54.0¢ | 50.5¢ | $210.6K | 401.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 28242 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 778 | 1 |
View Market Depth
| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| ASM (ASX) Chart |