Also, New Zealand registered companies that are listed on the NZX (which doesn't apply to NEU of course) or which have more than 50 share parcels and are at least 'medium-sized' (being total assets of at least $30m or income of at least $15m) should be subject to the New Zealand Takeovers Code.
The Takeovers Code restricts a shareholder and its associates from acquiring more than 20% of the shares in the relevant company without either obtaining shareholder approval for the acquisition of additional shares or launching a takeover offer in accordance with the process set out in the Code.
I'm a lawyer in NZ but this area is a little outside of my wheelhouse so perhaps someone else more knowledgeable can clarify whether the NZ Code applies to NEU.
Share Price, page-10583
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Last
$12.25 |
Change
-0.100(0.81%) |
Mkt cap ! $1.565B | |||
| Open | High | Low | Value | Volume |
| $12.20 | $12.25 | $12.02 | $3.677M | 302.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1579 | $12.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.26 | 1199 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| NEU (ASX) Chart |