AUZ 14.3% 0.8¢ australian mines limited

FYI 3% creep in 6 months 9| An acquisition by a person if:(a)...

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    FYI


    Column 1 Column 2
    0 3% creep in 6 months
    1 9
    An acquisition by a person if:
    (a) throughout the 6 months before the acquisition that person, or any other person, has had voting power in the company of at least 19%; and
    (b) as a result of the acquisition, none of the persons referred to in paragraph (a) would have voting power in the company more than 3 percentage points higher than they had 6 months before the acquisition."

    They can increase by 3% every 6 months BUT it cannot affect the voting power, in other words the extra shares (ie votes ) are not taken into account.

    http://www5.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s611.html
 
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