The company will have to ensure that the constitution always has a provision preventing a partial takeover unless 90% of the shareholders agree.
Such provisions only last 3 years and have always to be renewed.
A public discussion about share buy back may be beneficial for all holders, it may reduce the urge to sell on a share spike.
A dividend would also prevent the share price sagging as much as it may otherwise do, and thus be a safeguard against a low price takeover.
BSR Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held