ADN 5.26% 1.8¢ andromeda metals limited

General comments/chat, page-10578

  1. 861 Posts.
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    Well it shouldn't take long to find out if it is one big player......

    Notification Obligations
    Therefore, under sec. 671B, any shareholder who acquires (alone or with associates)
    a relevant interest in 5% or more of a company’s shares must disclose that fact by
    lodging an ASIC Form 603 “Notice of Initial Substantial Shareholder” with the
    Company and disallowed. This lodgement requirement also extends to a
    shareholder making a takeover bid even if the initial holding is below 5%.

    Furthermore, for each 1% (or more) change in holding a Form 604 “Notice of Change
    of Interests of Substantial Shareholder” must be lodged. And, if the holding falls
    below 5% a Form 605 “Notice of Ceasing to be a Substantial Shareholder” must be
    lodged.
    These Forms must be lodged within 2 business days after they become aware of the
    transaction or change in % holding and by 9:30am next stock exchange trading day
    in a takeover situation.

    If there are a number of Substantial Shareholders with similar or related relevant
    interests (eg. a corporation and its related corporations, or the manager and trustee
    of an equity trust), the names can be included in an annexure to the Form. If the
    relevant interests of a group of persons are essentially similar, they may be referred
    to throughout the Form as a specifically named group if the membership of each
    group, with the names and addresses of members is clearly set out in the Form.


 
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