Your point isn't untenable, because as @TrayonRanger stated, Hancock could accumulate another 3% on market under the "creep provisions" without triggering the full offer requirement. But if Hancock increases (or indeed decreases) its holding by in excess of 1% point, there is a requirement to report it to the market within a couple of trading days as a change in substantial shareholding.
regards
DF
Ann: Presentation - Strategic Partnership and Long Term Funding, page-329
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Last
78.5¢ |
Change
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Mkt cap ! $1.903B | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 80.5¢ | 78.5¢ | $6.351M | 8.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 391524 | 78.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.5¢ | 47493 | 2 |
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