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33.3¢ echo resources limited

Hi Oracleyoda, can you provide the legislation that says NST...

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25/10/18

05:45

Post #: 36250810
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Originally posted by Oracleyoda: ↑

3 business days if the buyer or seller hold more than 5% of the stock.

Never if they are lower than 5%.

This cannot be NST as they are at the takeover cap until 12 months has passed from their initial 20% in which case they can take another 3%.

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Hi Oracleyoda, can you provide the legislation that says NST can't creep 3% every 6 months until 12 months has lapsed from them acquiring 19.6% of EAR. I can't find this in Chapter 6 of the Corporations Act. Will find out soon enough if NST was the buyer

as they would would need to notify a change of holding of substantial shareholder within 3 business days of the purchase.

EAR Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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