yes, that what MEUs bidding statement said, no need for a vote from either shareholders.
courteous to share holderwas more what I was trying to say
I think the sale must be ratify by SH after that. So can sell of without voting or buy without vote. AGM often have Shareholder signoff on transactions.
If i were a director I would be courteous to SH and ask for their approval via a special meeting vote.. particularlyas TYX has such a low cap and a deal like this would increase TYX market value byabout 39% - not like a billon dollar company where 3 mil is a weekly afternoontea.. i suppose it might have to do with how the companies constitution is set up too, as to the amount they can buy and sell.
yes, that what MEUs bidding statement said, no need for a vote...
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.865M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $895 | 298.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 16865047 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 4025000 | 6 |
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| Last trade - 09.59am 04/07/2025 (20 minute delay) ? |
| TYX (ASX) Chart |