“Which company’s share price performs best, in percentage terms, from the close of trade today, until the close of trade on the Friday before next year’ s Australian Fund Manager Awards in October 2012.”
(31 JAN 12) | (31 DEC 11) | |||
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Rules and Conditions • The highest bidder for each company shall own that share/company for the year. • Upon being drawn, the company will then be auctioned. • The auction for each company will last one minute, there is no secondary market trading. • The owner of the winning company (in twelve months), shall receive 50% of the total pool raised for all the companies in this auction. The payment will be in the form of a cheque, to be presented at the Australian Fund Manager Awards 2012. • 50% of any winning bid is considered a donation to charity and a receipt will be provided to that effect. • In the event of a company being taken over, where payment is cash, this will be invested from the date of closure of the deal for the remainder of the competition at a fixed rate of 6% pa. • In the event of a company being taken over, where payment is in stock, or where there is a choice between stock and cash, the return will be that of the takeover stock from date of closure of the deal, even if this company is listed overseas. • The auctioneer’s decision is final.
