AWE 0.00% 94.0¢ awe limited

Ann: Mitsui - Change in substantial holding and IAF, page-4

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,190 Posts.
    lightbulb Created with Sketch. 88
    DB

    Just a couple of things that you seem unclear on.

    Mitsui's offer is "off-market" for 95 cents. It remains conditional on a few things still. As it is conditional, they cannot buy on market as you are suggesting. The increases in holdings are all via those shareholders, me included, who have accepted the bid.

    In regards to the final date, this can also be extended if they wish. There are limitations on how many times it can be extended and when it can and cant be extended.

    The large insto holders can accept via the Acceptance Facility, which indicates their preferred outcome, without it be binding at this point.

    I believe that the bid will succeed at 95 cents.

    Cheers AL
 
watchlist Created with Sketch. Add AWE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.