For example.
Waratah Capital became a substantial shareholder for LRS during the recent CR (5.57% ownership) - (you need 5% to become a substantial owner).
But then with option conversion, their ownership was diluted back to 4.91% making them no longer a substantial holder.
This isn't great for retail shareholders as it means Waratah don't need to notify the market if they sell any of their shares (or buy any shares - unless they buy enough to tip them back over the 5% mark).
For example. Waratah Capital became a substantial shareholder...
-
- There are more pages in this discussion • 11,805 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LRS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $496.8M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.0¢ | 17.3¢ | $339.3K | 1.930M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 1090972 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 1328341 | 38 |
View Market Depth
| Last trade - 11.55am 26/06/2024 (20 minute delay) ? |
| LRS (ASX) Chart |