The way i read it is as of a date (25th August) a register of shareholders is produced at any stage after that depending on how many shares you still own you will be entitled to participate. It seems the strike price is $8.75 on a 1:1 Basis.
It is very clever in that it is an incentive to keep the share long term with a Garuntee that only has to be exercised in the event of someone making a play over 20%.
I would imagine more companies following as i cannot see a down side other than annoying a hostile takeover.
positive signs of things to come , page-10
-
- There are more pages in this discussion • 21 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 PEN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
8.4¢ |
Change
-0.004(4.02%) |
Mkt cap ! $275.6M | |||
| Open | High | Low | Value | Volume |
| 8.7¢ | 8.7¢ | 8.3¢ | $764.6K | 8.908M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 762096 | 8.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.4¢ | 617671 | 4 |
View Market Depth
| Last trade - 11.31am 12/08/2024 (20 minute delay) ? |
| PEN (ASX) Chart |