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$3.04 nrw holdings limited

I will ask the obvious. What is the procedure if they don’t get...

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dallasaustin

75 Posts.

3

01/02/21

21:00

Post #: 50621019
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Originally posted by SteveSage: ↑

Sabine
Per 1.1 on the document, it seems some institutional holders may not be able to accept the offer until it is declared unconditional (that may be part of their investment mandates). This facility offers these sort of shareholders and option to indicate they will accept the offer.

NRW/PGX seem to be doing this as they need to get 90% acceptance and as of yesterday it was ~70% (so the entire thing could fall over if they don't get 90% by 12 Feb). Perhaps some institutional shareholders pointed this out, hence they are taking this added step (hard to know how many shares this impacts).

The price people get is the same for everyone
- 27.5c cash
- 0.106 NRW shares (which at $3 means 31.8c)
=> total of 59.3c

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I will ask the obvious. What is the procedure if they don’t get 90% ?

NWH Price at posting: $2.87 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $3.04		Change 0.025(0.83%)		Mkt cap ! $1.377B

Open	High	Low	Value	Volume
$3.02	$3.05	$3.02	$130.9K	43.22K

Buyers (Bids)

No.	Vol.	Price($)
23	7692	$3.03

Sellers (Offers)

Price($)	Vol.	No.
$3.04	12534	19

View Market Depth

No.	Vol.	Price($)
32	8911	3.030
16	17759	3.020
14	24535	3.010
8	28067	3.000
5	5211	2.990

Price($)	Vol.	No.
3.040	4787	9
3.050	37676	15
3.060	22661	13
3.070	34120	10
3.080	68605	10

Last trade - 10.57am 07/06/2024 (20 minute delay)


Last $3.04			Change 0.025 ( 0.77 %)
Open	High		Low	Volume
$3.02	$3.05		$3.01	8510
Last updated 11.14am 07/06/2024 ?

NWH (ASX) Chart