PRT 0.00% 23.5¢ prt company limited

There is no 15% ceiling. Once a shareholder achieves a 20%...

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  1. 1,579 Posts.
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    There is no 15% ceiling.

    Once a shareholder achieves a 20% holding they are obliged to make a takeover offer for the remaining shares.

    However the trading today was bizarre. There were about 100 trades after 3:30pm where there was either 3,2 or just 1 share traded. Only 158 trades for the whole day.

    Once the small trades started the SP was pushed down from $0.30 to $0.28

    Hopefully a regulator will look at this.
 
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Currently unlisted public company.

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