confirm Offer lapsed...
they only manage a 1.53% incremental acceptance over the Aug-29's level of acceptance.
At Start of Offer(Jun28): the OFFERORs controlled 1,350,469,990 shrs (62.36% of K1 IssShrs)
total acceptances received over entire offer period (Jun28-Sep14) = 330.392m shrs (+15.26% of K1 IssShrs)
At final Offer Close: AGGREGATE of shrs they already owned + All Acceptances = 1,680,862,338 shares (77.62% of K1 IssShrs)
they missed the 90% mark by 268.19m shrs (12.38% of K1 IssShrs)
NB: Cumulative vols of daily shares traded (Jun28-Sep14) = 124.324m shrs (5.74% of K1 Iss Shrs)
But should another "attack" be launched in a year or two time,
outcome likely to be completely different... unless there's a core group of minorities already in place, with entrenched > 10% interests.
thks to all those who contributed in one way or another, to prevent K1 from being delisted *salute*
they only manage a 1.53% incremental acceptance over the Aug-29's level of acceptance.
At Start of Offer(Jun28): the OFFERORs controlled 1,350,469,990 shrs (62.36% of K1 IssShrs)
total acceptances received over entire offer period (Jun28-Sep14) = 330.392m shrs (+15.26% of K1 IssShrs)
At final Offer Close: AGGREGATE of shrs they already owned + All Acceptances = 1,680,862,338 shares (77.62% of K1 IssShrs)
they missed the 90% mark by 268.19m shrs (12.38% of K1 IssShrs)
NB: Cumulative vols of daily shares traded (Jun28-Sep14) = 124.324m shrs (5.74% of K1 Iss Shrs)
But should another "attack" be launched in a year or two time,
outcome likely to be completely different... unless there's a core group of minorities already in place, with entrenched > 10% interests.
thks to all those who contributed in one way or another, to prevent K1 from being delisted *salute*