Purpose of this guide RG 5.1 This guide aims to assist investors and their legal advisers to understand and apply the concept of a ‘relevant interest’ in securities, and its relevance to the takeover and substantial holding requirements of the Corporations Act. RG 5.2 These requirements apply when the votes attached to securities, in which a person and any of their associates have a relevant interest (as a proportion of all voting shares or interests), increase above one of the following two thresholds: (a) the 5% substantial holding threshold—after which a person must provide substantial holding notices relating to movements above or below the threshold, and any change of 1% or more (Pt 6C.1); and (b) the 20% takeover threshold—after which acquisitions and offers to acquire relevant interests in voting shares or interests are only permitted through certain transactions or in certain circumstances (Ch 6).
VMY Price at posting:
28.5¢ Sentiment: Hold Disclosure: Held
