The below is without quoting exact numbers as I can't be bothered to research.
I think you'll find that OZ's position has been slighlty diluted since their first acquisition via option conversions etc. AND this top-up represents a movement back to a % they originally held (or at least close to).
From a Corps Act requirement this may not need to be disclosed as it represents a movement of less than 1% from their most recent announcement (i.e. on initial acquisition).
So for example, you may take an interest of 19.5% in a Company (announcement at that time) and due to dilution may have reduced to 18.75% and then top-up to 19.8%. From a Corps Act perspective you haven't moved 1% from your initial announcement.
Please correct me if I'm wrong.
The below is without quoting exact numbers as I can't be...
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Last
$8.42 |
Change
0.160(1.94%) |
Mkt cap ! $3.851B | |||
| Open | High | Low | Value | Volume |
| $8.41 | $8.50 | $8.30 | $14.67M | 1.747M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6679 | $8.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.44 | 2750 | 2 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| SFR (ASX) Chart |