Correct Hatmopit, substantial holders (5% or more of issued shares) have to advise the mkt within two days of becoming a, ceasing to be, or varying by 1% or more up or down.
Because this is a t/o offer, regulations under that scenario require notice to the mkt by 9:30Am the day after their pledged shares from acceptances increases by 1% or more.
Because this is an off-mkt t/o offer, even if the offer price is increased at a later date to try and get it over the line, or another bidder comes in with a higher price, those who have already accepted still get the higher offer....but not so if it were an on-mkt t/o offer.
No one gets any money until...."Consideration must be paid within one month of the later of an acceptance and the offer becoming unconditional.
Timing....An uncontested off-market bid usually takes a minimum of three months from announcement."
I urge all s/holders to read this document from which the above quotations in bold have been taken. It is a very thorough document and will answer a lot of your queries.
Mallesons - A Guide to Takeovers in Australia
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Last
84.5¢ |
Change
0.015(1.81%) |
Mkt cap ! $192.7M |
Open | High | Low | Value | Volume |
83.0¢ | 85.0¢ | 83.0¢ | $7.739K | 9.12K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7341 | 81.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
85.5¢ | 1476 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 7341 | 0.810 |
1 | 7700 | 0.805 |
1 | 7500 | 0.800 |
1 | 5000 | 0.780 |
1 | 25000 | 0.760 |
Price($) | Vol. | No. |
---|---|---|
0.855 | 1476 | 1 |
0.860 | 5434 | 1 |
0.880 | 6000 | 1 |
0.890 | 6612 | 1 |
0.900 | 500 | 1 |
Last trade - 13.01pm 11/09/2024 (20 minute delay) ? |
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NDO (ASX) Chart |