PLS 3.86% $2.74 pilbara minerals limited

RDL you'll find that this is a pretty normal clause when it...

  1. 328 Posts.
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    RDL you'll find that this is a pretty normal clause when it comes to management options.

    (iv) any person acquires a Relevant Interest in 50.1% or more of the Shares by any
    other means."

    This clause keeps us a bit safer from an unwanted on-market takeover as to make an offer unconditional the bidder must acquire 75% or more shares on market. If the bidder gets 50.1% of shares and management still disapprove of a takeover then they will effectively dilute the bidder's holding.
 
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