Blackstone - My limited personal opinion on this (from a corps act perspective - and I may be horribly wrong) is that they potentially had to sell these shares.
In my limited opinion - You cannot own more that 19.99% of a company unless you acquired the increased interest via a bid, rights issue, specific shareholder approval or creep provisions..
Otherwise one could potentially find themselves open to possible breaches of takeover provisions.
Blackstone - My limited personal opinion on this (from a corps...
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Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $6.353M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $300 | 100K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 10521362 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 21024699 | 18 |
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| Last trade - 14.31pm 05/07/2024 (20 minute delay) ? |
| PRX (ASX) Chart |