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
86.0¢ |
Change
-0.060(6.52%) |
Mkt cap ! $196.1M |
Open | High | Low | Value | Volume |
85.5¢ | 90.0¢ | 85.5¢ | $146.3K | 168.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 52516 | 86.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
90.0¢ | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 52516 | 0.865 |
1 | 20000 | 0.860 |
2 | 115739 | 0.850 |
1 | 4000 | 0.810 |
1 | 40500 | 0.800 |
Price($) | Vol. | No. |
---|---|---|
0.900 | 15000 | 1 |
0.920 | 1270 | 1 |
0.970 | 19999 | 2 |
1.010 | 989 | 1 |
1.050 | 115000 | 2 |
Last trade - 15.54pm 05/08/2024 (20 minute delay) ? |
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