UNV 0.00% 16.0¢ universal coal plc

Ann: Response to Terracom's Announcement of an Unsolicited Bid, page-19

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  1. MJP
    260 Posts.
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    Hi Guys,
    Based on Sam61 post yesterday under TER Posthttps://hotcopper.com.au/data/attachments/1969/1969199-71c753e7444184c166bddbbbe3ede9aa.jpg

    Suggests TER already have well over 50% (TCIG Res - a subsidy of Terracom I think) of UNV shares allotted.

    Not sure how they could have ~ 40% of shares in own right without breaching Aus regs....

    Any thoughts anyone
 
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