STO

2.63%

$7.02 santos limited

Ann: Becoming a substantial holder - Harbour, page-14

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tommytwo

423 Posts.

15/05/18

20:00

Post #: 33115723

Originally posted by Kevo88 ↑

Hey Tommy,

But under ASIC Form 603

Column 1 Column 2

1 Consideration (cash or non-cash)

2 The consideration given for acquiring the relevant interest must be clearly set out.
Details of the consideration must include any and all benefits (monetary or otherwise) that any person from whom a relevant interest was acquired has, or may become entitled to receive, in relation to that acquisition. Details must be included even if the benefit is conditional on the happening of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or their associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired: Note 9 on Form 603.
Note: Brokerage and other transaction costs of the substantial holder that do not represent a benefit to a person from whom the relevant interest was acquired should not be included when setting out the consideration provided for the relevant interest.
Details of the consideration provided must be disclosed with respect to each acquisition of a relevant interest separately. Where the substantial holder’s relevant interests arise from a number of intraday transactions (e.g. multiple on-market purchases), details of the consideration given under each transaction should be provided (not aggregate figures for each day or other specified time period).
Note: This level of information is required so that the market can ascertain the minimum price at which the substantial holder could make a takeover bid for the entity: s621(3).
The description of cash consideration paid must also be expressed precisely, or must be able to be readily calculated with precision—that is, on the basis of an amount per share for each acquisition. For example, it is not sufficient to state that the shares were acquired at a price between $X or $Y, or at a price per share that has been rounded to the nearest whole cent per share.
Where a large number of transactions are to be reported, an annexure should be used.

Should this not then mean that they still need to disclose the price even if its at todays closing price/whenever the deal was signed to move the new holding into a new company? Or is there some sort of takeover exemption?

Expand

Yes hi Kevo, I can’t seem to copy the relevant part in the announcement but it’s “No 6 Associates” and goes on to say “Harbour,the ENN Parties and the Hony Parties are acting in concert in relation to Santos’affairs” etc. So my understanding is it’s the same arrangement that ENN and Hony had to combine their holdings to make 15% and use the combined voting power if necessary. No sale or money changed hands there either. Anyway I’m no expert in these matters but have to just assume someone knows what their doing. GLAH DYOR
Regards Tommy

STO Price at posting: $6.23 Sentiment: None Disclosure: Held

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(20min delay)
Last $7.02		Change 0.180(2.63%)		Mkt cap ! $23.02B

Open	High	Low	Value	Volume
$6.94	$7.03	$6.91	$81.59M	11.66M

Buyers (Bids)

No.	Vol.	Price($)
3	125302	$7.01

Sellers (Offers)

Price($)	Vol.	No.
$7.02	766	1

View Market Depth

No.	Vol.	Price($)
4	129176	6.920
6	233123	6.910
9	295156	6.900
11	303505	6.890
4	129828	6.880

Price($)	Vol.	No.
6.940	107742	9
6.950	424616	27
6.960	247191	13
6.970	73167	4
6.980	17507	1

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Ann: Becoming a substantial holder - Harbour, page-14

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	Column 1	Column 2
1	Consideration (cash or non-cash)
2	The consideration given for acquiring the relevant interest must be clearly set out. Details of the consideration must include any and all benefits (monetary or otherwise) that any person from whom a relevant interest was acquired has, or may become entitled to receive, in relation to that acquisition. Details must be included even if the benefit is conditional on the happening of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or their associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired: Note 9 on Form 603. Note: Brokerage and other transaction costs of the substantial holder that do not represent a benefit to a person from whom the relevant interest was acquired should not be included when setting out the consideration provided for the relevant interest. Details of the consideration provided must be disclosed with respect to each acquisition of a relevant interest separately. Where the substantial holder’s relevant interests arise from a number of intraday transactions (e.g. multiple on-market purchases), details of the consideration given under each transaction should be provided (not aggregate figures for each day or other specified time period). Note: This level of information is required so that the market can ascertain the minimum price at which the substantial holder could make a takeover bid for the entity: s621(3). The description of cash consideration paid must also be expressed precisely, or must be able to be readily calculated with precision—that is, on the basis of an amount per share for each acquisition. For example, it is not sufficient to state that the shares were acquired at a price between $X or $Y, or at a price per share that has been rounded to the nearest whole cent per share. Where a large number of transactions are to be reported, an annexure should be used.

Ann: Becoming a substantial holder - Harbour, page-14

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Zenith's sale of Develin Creek delivers $975K cash, with shares up 13%

The iron ore comeback: Can it last?

Hastings progressing Yangibana to production with lower costs

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News