Can anyone assist with what this actually means? Page 5 of the delist document....
The Company has discretion under section 9 of the Constitution to sell the Unmarketable Parcels for aprice per share not below a price equal to the average of the sale price quoted on the ASX for the 10trading days immediately preceding this announcement. In accordance with that discretion, theCompany intends to seek to one or more buyers for the Unmarketable Parcels during the 6 Week Periodat a price of not less than $0.075 per share, representing the 30 day VWAP calculated from and includingthe share price at the close of trading on Wednesday, 12 December 2018. TIO NZ has agreed that itwill acquire any Unmarketable Parcels that are not offered to be bought at $0.075 per share after the 6Week Period. If the Company is unable to find any buyers for any of the Unmarketable Parcels duringthe 6 Week Period, TIO NZ’s subsequent acquisition of the Unmarketable Parcels will have a negligibleimpact on TIO NZ’s overall shareholding in the Company, increasing it by a maximum of 0.09% to55.65% of total shares on issue.
* Does this mean TIO will buy back all the unmarketable parcels for a non-disclosed price? How is "the company" going to seek buyers at .075cents if their actions have caused this price to crash in my opinion?
Can anyone assist with what this actually means? Page 5 of the...
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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