Maybe RF has been made aware of the fact he can exceed the 20% rule
http://www.takeovers.gov.au/content...provisions_in_australia.htm#acquisition_limit
There are a number of exceptions to the prohibition in s606, including:
.an acquisition that results from an acceptance of an offer under a takeover bid (item 1 of s611)
.an acquisition approved by a resolution of the company in which the acquisition is made (item 7 of s611)
.acquisitions of no more than 3% in every 6 months (the 3% "creep" exception in item 9 of s611)
.an acquisition that results from a rights issue (item 10 of s611)
.a downstream acquisition resulting from an acquisition of relevant interests in another listed entity (item 14 of s611) and
.acquisitions resulting from a scheme of arrangement (item 17 of s611).
Would hate to suggest RF is a "creep"
Maybe RF has been made aware of the fact he can exceed the 20%...
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Last
41.0¢ |
Change
-0.010(2.38%) |
Mkt cap ! $36.99M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 44.5¢ | 40.0¢ | $6.307K | 15.04K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14279 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 526 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| SRL (ASX) Chart |