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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE)
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To: the Chief who wrote (1860)5/10/1999 9:24:00 PM
From: AriKirA  Read Replies (1) of 6016
 
Thus, if I understand correctly, a permitted bid is a bid that has already received the BoD 'approval' as being a fairly valued offer which in turn indirectly ensures the remittance of XX% of the outstanding shares held by management.

In other words, the plan comes into effect only if a hostile takeover is launched or if a company tries to accumulate more than 20% of the company's outstanding shares.

Thanks for clarifying my very confused mind [ggggg]
We can always count on you to to simplify things.

Kind Regards
AK

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