Takeover, Merger ... we will hear next week either by query or announcement if this is the case. I have pasted a few lines from the prospectus that seem to allude to this happening sooner rather than later.
Following completion of the Offer, the Company will have one major Shareholder, Asia Union Investments, which will hold between 40.2% to 43.8% of the Shares. Accordingly, Asia Union Investments will continue to be in a position to exert significant influence over the outcome of matters relating to Genetic Signatures, including the election of Directors and the consideration of material Board decisions. Asia Union Investments has agreed to enter into a restriction agreement with the Company which restricts it from dealing with 34,236,690 and other Existing Shares held by it (being Shares that are not subject to mandatory escrow). However, these restrictions may be released early to enable Asia Union Investments to accept an offer under a takeover bid in relation to its Shares provided holders of not less than 50% of the Shares not subject to the restrictions then on issue have accepted the takeover bid or to enable the Shares of Asia Union Investments to be transferred or cancelled as part of a merger by scheme of arrangement under Part 5.1 of the Corporations Act.
DYOR
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1 | 17362 | 0.705 |
2 | 51400 | 0.700 |
2 | 7440 | 0.695 |
1 | 1000 | 0.685 |
Price($) | Vol. | No. |
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0.755 | 38766 | 2 |
0.760 | 39008 | 2 |
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