Griffiths (or his companies) would be the "person" not the "issuer" under these rules, wouldn't he? The "issuer" is blinkx, and its "home state" is the UK, so blinkx falls under the rules. Griffiths then holds the shares on his own behalf I presume, he is not managing them on behalf of someone else, so I don't see how he could be exempt from the 3% and incremental 1% thresholds.
It's a tricky one with RG as he may fall under both classifications, I guess the discretion is with the notifier too.
From memory the entities under his control are off-shore, Jersey I think - not sure if this would constitute 'overseas' or other designation.
Tosca are LLP which would put them under the Transparency Directive thresholds which I think we have seen already with the maiden announcement. On top of this there is the added complication of a working order, i.e you can hold… Read More
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