TSX:SOT.DB - Post by User
Post by
CanSiamCypon Apr 21, 2023 9:19pm
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Post# 35408350
Is anyone knowledgeable about the regulations ...
Is anyone knowledgeable about the regulations ....... concerning limits on ownership in publically traded entities?
Previously, bloggers on this site have stated categorically that Armoyan and G2S2 could go no higher than 20% ownership of SOT.un without having to launch a formal take-over bid.
However, from what Markopolis just posted, G2S2 owns >75% of the Clarke company and are able to stipulate:
In making the Acquisition, G2S2 relied on the exemption from the requirements in securities legislation applicable to formal bids in Section 4.1 of National Instrument 62-104 Take-Over Bids and Issuer Bids.
So is there anything restricting G2S2 from buying more units of SOT.un on the open market?