In regards to the substantial holder notice, IMO it clearly states the 4.5million payment is made to ASI (Bolton) on condition that he votes against all the resolutions and ASI remains registered holder of the 77 million shares. Leighton have not bought the shares, just the voting power. I notice also a large number of abstained votes today, and I wonder how much influence The ASX memo released on 7.4.09 titled preliminary proposal to assist retail investors, which seemed to indicate Macquarie and Deutsche banks would not pursue investors for the 1$ installment provided the resolutions are not passed. This was a preliminary proposal, I don't know where it currently stands now. Without these shananigans today I feel fairly confident the win up motion would have been passed today.
BCS Price at posting:
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