Hi Nui - yes you are correct:
"These Forms must be lodged within 2 business days after they become aware of the transaction or change in % holding and by 9:30am next stock exchange trading day in a takeover situation."
As this is a takeover situation & 40mil trade on Friday is approx 2% of shares on issue, would expect notice on Monday if it was them or 'related party':
"Therefore, under sec. 671B, any shareholder who acquires (alone or with associates) a relevant interest in 5% or more"
I guess 'related party' is any 'friendly' party buying the shares at 5c to later sell into the 5.5% offer - nice profit for the 'friendly' party. I am sure it is all a very 'grey' area at this stage, will just have to wait & see what unfolds
approx 2 000 000 000 shares on issue, so 20 000 000 is 1% change, so 40mil Friday trade is 2%
- Forums
- ASX - By Stock
- Ann: Response to ASX Aware letter
Hi Nui - yes you are correct: "These Forms must be lodged within...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NDO (ASX) to my watchlist
(20min delay)
|
|||||
Last
85.3¢ |
Change
-0.028(3.13%) |
Mkt cap ! $194.4M |
Open | High | Low | Value | Volume |
86.0¢ | 86.8¢ | 85.0¢ | $68.72K | 80.36K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1100 | 84.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
88.5¢ | 2424 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1100 | 0.840 |
1 | 605 | 0.830 |
1 | 12269 | 0.815 |
1 | 7700 | 0.805 |
3 | 133250 | 0.800 |
Price($) | Vol. | No. |
---|---|---|
0.885 | 2424 | 1 |
0.900 | 15000 | 1 |
0.950 | 6000 | 1 |
0.970 | 10000 | 1 |
0.990 | 5000 | 1 |
Last trade - 15.46pm 11/10/2024 (20 minute delay) ? |
Featured News
NDO (ASX) Chart |