wanting a large stake, page-3

  1. 162 Posts.
    I don't think this is the case (yet) since there have been no subsantial shareholder notices posted.

    A initial/change/ceasing substantial shareholder notice must be provided to both ASIC and the ASX for the following conditions:
    1. If they become a substantial shareholder (>= 5% of the issued capital)
    2. Bought or sold any shares as a substantial shareholder
    3. Cease to become a substantial shareholder (<= 5%)

    The entity must lodge this notice within 2 business days after they become aware of the above.

    If the company is subject to a takeover offer, the entity must lodge 9:30 on the next trading day of the securities.

    Cheers,
    Richard.
 
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