Quick Notes on Biota
The AGM is tomorrow, Thursday Nov 12. 100 St Kilda Rd 10.00am pdf
It will be good to see the new Chairman in action. Plus the crowd should be in a jollier mood. An update on pipeline, negotiations, the business and forecasts would be good.
Hunter Hall Selling
I read at least one comment on the timing of Hunter Hall selling down and announcing. Here is the relevant section. HHL reduced their Biota holding from 13.13% to 12.10% over a five week period and then reported due to 1b.
Over time we can expect seven more of those change of interest announcements from HHL. Each time they sell 1.75M shares shares.
CORPORATIONS ACT 2001 – SECT 671B
Information about substantial holdings must be given to company, responsible entity and relevant market operator
Requirement to give information
(1) A person must give the information referred to in subsection (3) to a listed company, or the responsible entity for a listed registered managed investment scheme, if:
(a) the person begins to have, or ceases to have, a substantial holding in the company or scheme; or
(b) the person has a substantial holding in the company or scheme and there is a movement of at least 1% in their holding; or
(c) the person makes a takeover bid for securities of the company or scheme.
CS-8958 Phase III prevention study underway
announcement This was known news and hence didn’t move the share price. Flu prevention would be an a fantastic indication to have and certainly would add value to LANI. It’s great to see how Daiichi Sankyo have driven LANI through clinical. I wonder what they must think of Biota’s efforts for RoW?
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