Zhaojin Capital has received sufficient acceptances totalling 74.85% for its off-market takeover offer for all of the issued shares in Tietto that Zhaojin does not already own to be able to control the composition of the Tietto Board. Consequently, Tietto Directors now recommend accepting the takeover offer at $0.68/share or selling shares on-market if prices align. Read the full ASX Announcement here: https://bit.ly/3QByed8 #TIE #Tietto #miningnews #ASXNews
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Tietto's Directors have updated their recommendation regarding the takeover offer by Zhaojin Capital, and now recommend accepting the offer. The Board continues to believe the offer undervalued the company and was timed opportunistically. However, with Zhaojin now holding 42.51% of Tietto’s shares and the offer price increased to $0.68 per share, the Directors now unanimously urge shareholders to consider ACCEPTING into Zhaojin’s Offer, or selling their shares on-market if the prevailing market price is not materially different to the Offer price, without delay. Read the full ASX Announcement here: https://lnkd.in/gSPajK7U
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The off-market takeover offer made by Zhaojin Capital for all of the issued shares in Tietto that Zhaojin does not already own is scheduled to close at 7.00pm (Sydney time) on 14 May 2024 (unless further extended). Zhaojin’s Offer price of $0.68 per share has been declared best and final and cannot be increased, and the Offer is now unconditional. As at 10 May 2024, Zhaojin had voting power of approximately 80.01% of Tietto. Tietto Directors consider that the risks associated with continuing to hold Tietto shares outweigh the advantages, and urge Tietto shareholders to either: - 𝗔𝗖𝗖𝗘𝗣𝗧 into the Offer; or - otherwise sell their Tietto shares on the ASX if the prevailing market price is not materially different to the Offer price, without delay and in any event before the Offer closes in order to receive a certain cash price for their Tietto shares and avoid the risks associated with being a minority shareholder in Tietto. In particular, whilst Zhaojin has stated an intention to maintain Tietto’s listing on ASX (subject to Tietto's continued compliance with the ASX Listing Rules) should it not be entitled to proceed to compulsory acquisition of the remaining Tietto shares on issue, there is a risk that Tietto may fail to meet the requirements of ASX to remain a listed entity given that Zhaojin’s voting power in Tietto is now approaching 80%. Further, even if Tietto remains listed on ASX, the liquidity of Tietto shares on ASX is likely to be materially adversely affected by the level of Zhaojin’s ownership interest in Tietto.
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Entry and exit of percentage shareholders of Tehran Stock Exchange on February 20, 2024 Last trading day, some percentage shareholders entered the companies and some companies left. In this article, we are going to introduce these entrances and exits. In the past day, major shareholders entered and exited the "Shabasir" symbol. Also, a real person is included in the list of major shareholders of the symbol "Niro".
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𝐈𝐧𝐟𝐨𝐫𝐭𝐚𝐫 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐬 𝐢𝐭𝐬 𝐓𝐚𝐥𝐥𝐢𝐧𝐤 𝐨𝐰𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐭𝐨 68.47% Infortar AS's public and voluntary takeover offer to Tallink Grupp's shareholders was accepted by 21.71% of Tallink's shareholders. Infortar will invest EUR 88.8 million to purchase Tallink shares, increasing its stake in Tallink to 68.47%, while Tallink will remain listed on the stock exchange. In early July, Infortar submitted a public and voluntary takeover offer to Tallink's shareholders. As part of the offer, shareholders decided to sell Infortar a total of 161,395,930 shares, representing 21.67% of all shares. Infortar is financing the transaction with its liquid funds, and the purchase price will be paid to the participating shareholders on 9 August of this year. Tallink's operational and financial indicators will be consolidated and reflected in Infortar's next quarterly results. With this public takeover offer, Infortar is implementing its strategy described in the initial public offering and listing prospectus, according to which the group's strategy in the marine shipping business segment is to increase its stake in Tallink if Tallink's share price on the stock exchange is favourable and regulatory requirements allow it. https://lnkd.in/dVdmRj4b Photo © Dmitry Sumin
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Vibhor Steel Tubes IPO Subscription Status . http://bit.ly/3s1roj7 . #vibhorsteeltubes #iporeview #vibhorsteeltubesipo #vibhorsteeltubesiporeview #IPOnews #IPOs #IPOAlert #InvestmentOpportunity #TransformingTech #IPOannouncement #IPOFiling #ipo #stockmarket #indianstockmarket #ipoalert #iponews #stockmarket #investing #stocks #shares #stockstotrade #stockmarketindia #directusinvestments
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Vibhor Steel Tubes IPO Subscription Status . http://bit.ly/3s1roj7 . #vibhorsteeltubes #iporeview #vibhorsteeltubesipo #vibhorsteeltubesiporeview #IPOnews #IPOs #IPOAlert #InvestmentOpportunity #TransformingTech #IPOannouncement #IPOFiling #ipo #stockmarket #indianstockmarket #ipoalert #iponews #stockmarket #investing #stocks #shares #stockstotrade #stockmarketindia #directusinvestments
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Another exciting update from NICO Holdings Plc! They are paying a 4th Dividend of K2 per share, totaling K10 per share for the entire period. I recall buying shares at different price points - K3, K16, and now at K199.00. NICO Holdings proves to be a promising investment with significant upside potential. Kudos to NICO Holdings for maintaining value and consistently distributing dividends over the years. It's indeed a top Dividend paying option in the market! #NICOHoldings #InvestmentOpportunity #DividendPayingCounter
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Owais Metal and Mineral Processing Ltd. opens for subscription soon. Here's all you need to know about it. For more insights into upcoming IPOs, ongoing IPOs and IPO performances, follow us on @strike_ic! #Interiors&More #IPO #IPOIssue #SMEIPO #FebruaryIPOs
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Vibhor Steel Tubes IPO Subscription Status . http://bit.ly/3s1roj7 . #vibhorsteeltubes #iporeview #vibhorsteeltubesipo #vibhorsteeltubesiporeview #IPOnews #IPOs #IPOAlert #InvestmentOpportunity #TransformingTech #IPOannouncement #IPOFiling #ipo #stockmarket #indianstockmarket #ipoalert #iponews #stockmarket #investing #stocks #shares #stockstotrade #stockmarketindia #directusinvestments
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Vibhor Steel Tubes IPO Subscription Status . http://bit.ly/3s1roj7 . #vibhorsteeltubes #iporeview #vibhorsteeltubesipo #vibhorsteeltubesiporeview #IPOnews #IPOs #IPOAlert #InvestmentOpportunity #TransformingTech #IPOannouncement #IPOFiling #ipo #stockmarket #indianstockmarket #ipoalert #iponews #stockmarket #investing #stocks #shares #stockstotrade #stockmarketindia #directusinvestments
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