STT Week end 27th Jan 2023, page-3

  1. 10,808 Posts.
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    @pmd3nka - I just had a quick peek at the LML announcements. I have no idea about the stock, so there are probably others in a better position to comment. I think there are 2 announcements relevant to your question.
    1. 18 Jan 2023 - Issue of new shares under separate class
    "new ordinary shares will be issued under the ticker LMLND"
    "When QGL's offer ends, ASX will fold the new class of shares into the main class of LML shares"

    2. 24 Jan - QGL - extension of offer period
    "open for acceptance until ... 6 March 2023"

    So it looks likes LMLND will revert to LML after 6 March at the moment, unless that offer period end date changes again.

    Hope that helps.

    I haven't dug deeper into the offer documents. I'm assuming there must be separate offers for the 2 classes of shares. Surely, the offer isn't just for the original shares and excludes the rights? There must be something in the takeover documents that explain what is happening but I'll leave that to others to find and explain.
 
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