If I read this correctly "Paladin acquiring a relevant interest in more than 90% of all Summit shares on issue, and at least 75% of the Summit shares that Paladin is offering to acquire under the Offer;" then we are screwed merely by the intention the two biggest share holders are accepting the deal.
I thought that the 75% clause related to the amount of shareholders accepting the deal not the percentage of shares.
Might put a call into the Takeovers Panel to verify.
If I read this correctly "Paladin acquiring a relevant interest...
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Last
0.4¢ |
Change
0.001(16.7%) |
Mkt cap ! $3.608M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $228 | 65.00K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 24020836 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 5696998 | 11 |
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| Last trade - 11.54am 13/11/2024 (20 minute delay) ? |
| SMM (ASX) Chart |