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
77.0¢ |
Change
-0.035(4.35%) |
Mkt cap ! $1.867B | |||
| Open | High | Low | Value | Volume |
| 80.5¢ | 80.5¢ | 75.5¢ | $10.59M | 13.72M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 48744 | 77.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.5¢ | 154943 | 5 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| LTR (ASX) Chart |