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Member Info for Alocasia


Member Since: Wed, 6th Jul 2011

Number of Share Chat Posts (all time): 4,953
Number of Share Chat Posts (last 30 days): 3

Last Posted: Thu 08:52


Post Distribution over the last 30 days




Thu 08:52


Just a thought. If RIG were able to negotiate a clause to be added at the EGM in relation to not screwing PI's or maybe setting a min price to buy them out or whatever, or else PI's might vote against the resolutions, would this not be deemed as PI's acting in concert and is there not a possibility that would constitute more than a 20% (Oz company) block vote and hence bring takeover rules into play? I think it is ok to negotiate and discuss but is it not the agreeing to all vote a certain way which might be an issue? Had same issue with another company in the past - had to make sure we kept the investor group under 30% (UK company). Not sure what percentage RIG has or might have if everyone joined in.
12 Dec '14


I was thinking the same thing - 30% ownership means they must make an offer for rest of the company - but that is UK takeover rules and RRL is incorporated in Oz. Been trying to look up the rules that apply in this circumstance. Does anyone here speak gobbledyguck?

http://www.takeovers.gov.au/content/DisplayDoc.aspx?doc=panel_process/summary_of_takeover_provisions_in_australia.htm
18 Oct '13


...what's currently going on with ORH and the transfers to the new holding company.
18 Oct '13


I guess his £1m will remain invested here for the time being. Not worth selling at these prices!

My guess is he didn't want his name associated with the shenanigans surrounding what currently gone on with ORH and the transfers to the new holding company.


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