If your broker advised you that a SoA cannot be altered he is wrong.
So long as there is court consent and meetings have been adjourned to provide shareholders additional time to consider the variation, any variation can be made to the Scheme (flexibility is what provides benefit to a SoA). A quick Google search will provide credible law sources to confirm this (I used a Herbert Smith Freehills Legal Guide).
This is of course how SoA's are administered if a rival bidder makes a play.
I previously found a precedent where a company had done this unilaterally to get the deal across the line with shareholders but unfortunately can't locate the link now.
The price may drop, it may go up... I think we can both agree that Macquarie/CTP both won't like it though if the Scheme fails next Monday week.
- Forums
- ASX - By Stock
- CPSA Update - The Nail in the Coffin?
If your broker advised you that a SoA cannot be altered he is...
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
Add CTP (ASX) to my watchlist
|
|||||
Last
5.5¢ |
Change
0.005(10.0%) |
Mkt cap ! $40.70M |
Open | High | Low | Value | Volume |
5.0¢ | 5.5¢ | 5.0¢ | $90.54K | 1.810M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 347403 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 449999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 347403 | 0.050 |
1 | 200000 | 0.049 |
1 | 847077 | 0.048 |
2 | 410000 | 0.047 |
1 | 100000 | 0.046 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 449999 | 1 |
0.058 | 172431 | 1 |
0.059 | 25000 | 1 |
0.060 | 210909 | 3 |
0.062 | 80000 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
CTP (ASX) Chart |