Ann: Notice of Variation of Offer - Extension of , page-4

re: Ann: Notice of Variation of Offer - Exten... aventurine,

Used to be a holder but sold out less than a week after the offer came out, something didn't smell right from the outset, noteably LG's $600m market cap and PE of 800 odd, laughable considering what they have to show.

But anyway, have been following the posts and always appreciate reading your posts, you have a good grasp of the corporate side, just one question, could you explain to me what this means?, it was in the initial takeover announcements:

The offer will not be subject to a minimum acceptance condition


ASIC guidelines:

RG 27.7 Offers under a takeover scheme may, however, be made subject to a minimum acceptance condition, ie a defeating condition that the number of shares in respect of which acceptances are received equal or exceed a particular number or percentage.

As for Item 5 & Dato Wira, an award is in order:

cheers