AWE 0.00% 94.0¢ awe limited

Risk of not selling to Mitsui, page-2

  1. 940 Posts.
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    I'm no expert but....

    If you don't sell you will currently end up being a minority shareholder. Mitsui will be able to control voting.

    The liquidity of the stock will be reduced for trading as the Mitsui held shares will not be offered for sale. (could mean the SP drops from the 95c level)

    Mitsui have stated IF they achieve more than 75% holding but less than 90% they will actively seek to delist AWE from the ASX....I have no idea what happens in that case

    IF Mitsui reach a 90%+ position they have stated they "intend" to move to compulsory acquisition of the remaining share at 95c BUT from my understanding that is an "intention" and therefore not "guaranteed"

    All IMO....hope that helps. all the is in the AWE Target's Statement

    I reckon I'll be accepting now but will make that final decision in the two week extension

    Good luck
 
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Currently unlisted public company.

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