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Appendix 3B Announcements: Why? and What?

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7 May 2006
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Noticed someone ask a question about Appendix 3B Announcements in the AUM thread today, they were obviously confused about them.
So I thought I would ask the question/s:
Why are they needed? does ASX enforce them to be made? (as they appear quite often in alot of stocks) & what info can we get out of them? what do they tell us about the stock?

cheers
 
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