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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 654C
Disclosures about substantial shareholdings in unlisted
(1) A bidder making a bid for securities of an unlisted company must
give the target a notice stating the bidder's voting power in the target if,
at a particular time during the bid period, the bidder's voting power in the
target rises from below a percentage in the following list to that percentage
(2) The notice must be given as soon as practicable, and in any event within 2
business days, after the rise in voting power occurred.
(3) The target must:
- make the notice available at its registered office
for inspection without charge by any holder of bid class securities during the
bid period; and
- lodge the notice with ASIC.
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