buying Caltex I believe
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buying Caltex I believe
Yes credit to you pierre.I didn't scroll back through the threads far enough to find who had said it. Potentially very good for Z. I hold both.
z buys 9% more of nzr big vote confidence
https://www.nzx.com/files/attachments/214153.pdf
Only a notional buy - these were the shares that were sold by Craig's last week at 2.32 to 2.34....
Legal advice would be to put this disclosure notice in to NZX
Not totally convinced Snaps - have a look at page 2 of the announcement - have tried to cut and paste it here but my fingers too big or the phone too small!
Correct crackity, its all to do with the Chevron deal. Chevron are still the owner of the NZR shares until settlement tomorrow. As part of Z's agreement with Chevron they are deemed to have an interest in the NZR share as well.
Have no power or control over them, just a deemed inteerst
Yes - I think you are right - another notice should follow - lawyers need feeding!
Well, maybe. Its really covered in today's announcement but certainly, come Thursday they wont own them. Settlement for the block trade is tomorrow and that takes care of it. The notice of change in major shareholding is just a two day 'patch' to cover the regulatory requirements.