rang ext on Friday they said Monday ASIC will hand down ruling on exemption
This will allow them not to be in breach of corps law in acquiring greater 20% of ext but they said ASIC policy which is published is that where the company being acquired (KAH) has its main asset as shares in another company (EXT)which holds a single asset (HUSAB) then this is granted on the condition an equivalent downstream bid is made for the Australian company (EXT)
In essence it is a formality validating the bid in the UK that would otherwise contravene corps law and invalidate the KAH bid whilst making it compulsory to bid for ext on same terms
rang ext on Friday they said Monday ASIC will hand down ruling...
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $18.65M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $16.54K | 1.837M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2290000 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 3929000 | 1 |
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| Last trade - 11.06am 20/06/2025 (20 minute delay) ? |
| EXT (ASX) Chart |