CDU 0.00% 23.5¢ cudeco limited

"Also Bretto remember no one can buy more athn 19.9% without...

  1. 24,386 Posts.
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    "Also Bretto remember no one can buy more athn 19.9% without going to full take over offer !"

    Not correct AKA. That is not right.

    When someone reaches that level of more than 19.9999% of the total shares on issue, all they have to do is to declare their intentions, not having to go to next step and having to make a T/O.

    Besides even when one has reached that level, they can also make use of the creeping up provisions which allows them to increase their holding every approximatley 6 months or on a yearly basis.

    STO, with ESG for instance, is a good point in case, and a proof of what I am saying.

    Please DYOR and tell me if I am wrong.

    Buddy

 
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