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603Page 1 of 2 15 July 2001Form 603 Corporations Act 2001 Section 671BNotice of initial substantial holder To Company Name/SchemeWESTGOLD RESOURCES LIMITED ACN/ARSN009 260 3061. Details of substantial
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Becoming a substantial holder refers to the acquisition of a significant percentage of shares or equity in a company, which typically triggers regulatory obligations to disclose such ownership to the relevant authorities.
Individuals or entities that acquire a substantial interest, often defined as holding 5% or more of a company's voting shares, are required to file as substantial holders.
To fill out the requirement, a substantial holder must complete the necessary forms provided by the regulatory authority, disclosing their identity, the number of shares acquired, the date of acquisition, and the reasons for acquiring the shares.
The purpose of becoming a substantial holder is to ensure transparency in the ownership structure of public companies and to inform other investors and the market about significant ownership stakes.
Reported information typically includes the names of the holders, the number of shares held, the nature of the interest, percentage of total shares, and any changes in the ownership status.
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