Thanks for that.Got another letter in the snail mail today dated...

First 7 Last

Share
Profile

Follow
ejd99

1,500 Posts.

9

01/03/24

22:21

Post #: 72705992
Share
Originally posted by Username123: ↑

For those shareholders who may be interested, ASX Listing Rules: Guidance Note 33 - Removal of Entities from the ASX Official List is freely available on the ASX website: https://www.asx.com.au/documents/rules/gn33_removal_of_entities.pdf

I have quoted the following:

"Some unacceptable reasons why an entity might ask to be removed from the official list include if it is doing so solely or primarily:
To avoid the application of Chapter 10 of the Listing Rules (transactions with persons in a position of influence) to a particular transaction that would otherwise require the approval of security holders;
To avoid the disclosure obligations the entity would otherwise have under the Listing Rules and sections 674 and 675 of the Corporations Act 2001 (Cth); or
To deny minority security holders a market for their securities in order to coerce them into accepting a current or planned offer from a controlling security holder to buy their securities at an undervalue."

Expand

Thanks for that.

Got another letter in the snail mail today dated 21/02/2024 along with the Link Marketing forms.

The Link forms went though the shredder, the letter(s) will be scanned and may be used in a submission to the ASX if the shares are going to be de listed.

Couple of vague words in the latest statement - "likely" and "may"

On what basis will the share price fall when the Offer closes?

Some light reading:
https://download.asic.gov.au/media/1237813/rg25.pdf
PGH Price at posting: 85.5¢ Sentiment: Hold Disclosure: Held
7 Upvote

0 Great analysis

Reply