Some long-term holders may remember that Pact Group made an announcement when it was removed from the All Ordinaries index. For those who need a reminder, see the following announcement and thread:
https://hotcopper.com.au/threads/ann-pact-group-holdings-ltd-removed-from-all-ordinaries-index.7840042/Ruffy also sent various communications (emails, texts, and Supplementary Bidder's Statements) to shareholders, encouraging them to accept his offer. One of the reasons he gave was that Pact had been removed from the All Ordinaries Index and was therefore no longer a member of any ASX index. This was (in my opinion) very misleading and completely irrelevant at the time.
From what I recall, several holders even mentioned that they sold their shares due to these misleading statements, which was one of the numerous reasons for the Takeovers Panel Application. As a result, Ruffy was required to provide further disclosures and offer certain Pact shareholders withdrawal rights.
Anyway, Pact has now been re-included in the All Ordinaries index as per the announcement on 7 March 2025. In Pact's case, this is almost as irrelevant today as it was back in February 2024 when Pact and Ruffy tried to portray its removal as particularly negative. However, if being removed from the All Ordinaries was as negative as Pact Group and Ruffy implied in February 2024, then surely being reinstated in the Index must be incredibly positive for us shareholders?
