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
85.3¢ |
Change
-0.028(3.13%) |
Mkt cap ! $194.4M |
Open | High | Low | Value | Volume |
86.0¢ | 86.8¢ | 85.0¢ | $68.72K | 80.36K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1100 | 84.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
88.5¢ | 2424 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1100 | 0.840 |
1 | 605 | 0.830 |
1 | 12269 | 0.815 |
1 | 7700 | 0.805 |
3 | 133250 | 0.800 |
Price($) | Vol. | No. |
---|---|---|
0.885 | 2424 | 1 |
0.900 | 15000 | 1 |
0.950 | 6000 | 1 |
0.970 | 10000 | 1 |
0.990 | 5000 | 1 |
Last trade - 15.46pm 11/10/2024 (20 minute delay) ? |
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