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1.6¢ sky and space company ltd

Ann: Entitlement Issue Prospectus, page-243

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firehound

169 Posts.

27

19/11/19

14:57

Post #: 41509570
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Originally posted by spj123: ↑

Takeover rules. You can't go over 20 per cent without making a takeover bid except in limited circumstances (eg, creep acquisitions, agreement from target shareholders). You can go over 20 per cent from a rights issue, hence why (for whatever reason) the board decided to limit people to 19.9 per cent.

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Thanks, I understood this. I was just thinking that the second theory about someone wanting to take control could still be feasible if somone bought the rest on open and made a takeover bid.

SAS Price at posting: 1.6¢ Sentiment: Hold Disclosure: Held
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