Quote Originally Posted by CJ View Post
It is an onmarket buy back so only from the Market, not the government I would have thought. Even if the Govt did sell, there is a market price.

I wonder what will happen if the Govt creaps up to say 55% due to the buy backs - will it offload onto the market or hold shoudl there be a future capital raising so that they can be diluted back down to 51%?
Only 2% (25m shares) of the shares are been bought back, so would move the govt from 51% to just over 52% on a pro rata basis.

If they only buy back 24 of the 25m Govt holding would be 51.9966%, they would not even have to file an SSH notice.