The VLA 'scheme' email should have contained links to 'online' voting, and if you've elected 'electronic' correspondence, you'll only get that from Link Market Services, paperless as such...
In my experiences, regarding turnover, 'big-fish' tend to have lots of subsidiaries, so if, in a bid to strategically 'conceal' they're identity somewhat (or at least, delay), they can essentially 'disperse accumulation' across subsidiaries (and or nominees, like JPM, MS, Goldman's, etc), until ASIC-rules dictate a 'mandatory' Form 603 release...
Not 100% sure on the 'fine print' in that scenario, as in, if 'parent' owns multiple subsidiaries, at what point is it deemed that the 'parent' is the beneficial 'consolidated' owner... (eg: see MS & MUFG, one owns the other, so a 5% stake from MS means a 5% stake for MUFG, hence notice for both in the VLA case, but if multiple subsidiaries/nominees accumulate below 5%, when is 'notice' required...
Anyone that's got the skinny on that, I'd appreciate a response...
Curtains are closing either way, we saw $1.74 close yesterday ($1.728 VWAP), and ~$1.5m in trade/volumes...
Clock is ticking..!!
ML
Expand
