Regulatory Alerts1995-10-02 | RG-102RG 102 Tender offers by vendor shareholders
ASIC issued this guide to indicate the circumstances under which it will exercise discretionary powers to facilitate share sales by tender when at least 20% of a company’s shares are offered. The document outlines the specific procedures required for shareholders seeking to sell their shares through this method. It also notes that applications for relief must be submitted via the ASIC Regulatory Portal as of July 2020.
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