London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Under the Disclosure and Transparency Rules (DTRs), shareholders and holders of financial instruments falling within DTR 5.3.1R(1) must sometimes make notifications.?
The DTRs include rules designed to ensure appropriate levels of transparency around the ownership of companies whose shares are admitted to trading on a regulated market such as the Main Market of the London Stock Exchange. The rules also apply to UK-incorporated companies trading on an exchange-regulated markets, such as the Alternative Investment Market.
They require shareholders and holders of financial instruments falling within DTR 5.3.1R(1) to disclose to the issuer and to us when their holding reaches or falls below a given threshold.
Several exemptions and revised thresholds apply to certain market participants, for instance custodians and market-makers..
The relevant rules are in Chapter 5 of the Disclosure & Transparency Rules (DTRs).
If you are unsure about how a rule applies to a given set of circumstances, seek professional advice.
In accordance with the Transparency Rules Directive “DTR”, a person must notify the issuer of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of financial instruments falling within
DTR 5.3.1R (1) (or a combination of such holdings) if the percentage of those voting rights:
reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% (or in the case of a non-UK incorporated issuer on the basis of thresholds at 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%) as a result of an acquisition or disposal of shares or financial instruments falling within;
DTR 5.3.1 R; or (2) reaches, exceeds or falls below an applicable threshold in (1) as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the issuer in accordance with DTR 5.6.1 R and DTR 5.6.1A R; and in the case of an issuer which is not incorporated in an EEA State a notification under (2) must be made on the basis of equivalent events and disclosed information.
So my interpretation of this is that D.B only need to fill in a Tr1 as 5% increment thresholds are passed. IMO.
Please can anybody clarify the terms?.
Thanks.
Gla
Under the Disclosure and Transparency Rules (DTRs), shareholders and holders of financial instruments falling within DTR 5.3.1R(1) must sometimes make notifications.?
The DTRs include rules designed to ensure appropriate levels of transparency around the ownership of companies whose shares are admitted to trading on a regulated market such as the Main Market of the London Stock Exchange. The rules also apply to UK-incorporated companies trading on an exchange-regulated markets, such as the Alternative Investment Market.
They require shareholders and holders of financial instruments falling within DTR 5.3.1R(1) to disclose to the issuer and to us when their holding reaches or falls below a given threshold.
Several exemptions and revised thresholds apply to certain market participants, for instance custodians and market-makers..
The relevant rules are in Chapter 5 of the Disclosure & Transparency Rules (DTRs).
If you are unsure about how a rule applies to a given set of circumstances, seek professional advice.
All info taken from Fca website .
M.M's trump card every time.
Gla
Of course makes difference to where this is heading. It’s due for a 300% rerate before it even starts looking ‘undervalued’...let alone reflecting the value of the asset. right now it’s essentially a ‘free for all’ and the market knows it (IMO).
Under the Disclosure and Transparency Rules (DTRs), shareholders and holders of financial instruments falling within DTR 5.3.1R(1) must sometimes make notifications.
The DTRs include rules designed to ensure appropriate levels of transparency around the ownership of companies whose shares are admitted to trading on a regulated market such as the Main Market of the London Stock Exchange. The rules also apply to UK-incorporated companies trading on an exchange-regulated markets, such as the Alternative Investment Market.
They require shareholders and holders of financial instruments falling within DTR 5.3.1R(1) to disclose to the issuer and to us when their holding reaches or falls below a given threshold.
Several exemptions and revised thresholds apply to certain market participants, for instance custodians and market-makers..
The relevant rules are in Chapter 5 of the Disclosure & Transparency Rules (DTRs).
If you are unsure about how a rule applies to a given set of circumstances, seek professional advice.
In accordance with the Transparency Rules Directive “DTR”, a person must notify the issuer of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of financial instruments falling within
DTR 5.3.1R (1) (or a combination of such holdings) if the percentage of those voting rights:
reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% (or in the case of a non-UK incorporated issuer on the basis of thresholds at 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%) as a result of an acquisition or disposal of shares or financial instruments falling within;
DTR 5.3.1 R; or (2) reaches, exceeds or falls below an applicable threshold in (1) as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the issuer in accordance with DTR 5.6.1 R and DTR 5.6.1A R; and in the case of an issuer which is not incorporated in an EEA State a notification under (2) must be made on the basis of equivalent events and disclosed information.
So my interpretation of this is that D.B only need to fill in a Tr1 as 5% increment thresholds are passed. IMO.
Please can anybody clarify the terms?.
I posted this yesterday, but to no response.
Thanks.
Gla
B1ll - 'a non-UK incorporated issuer' - if that is the case then 55 notifications apply. So can anyone answer that question please?
5% (ffs)
@Leslie. So are you clarifying that it is 5% increments then?.
Forgive me if I mis-interpreted your post (as the nuances in interpreting someone stating facts and being sarcadtic can often be lost in plain typed words).
Gla
Gla
Thanks M.A.T .
Rightly or wrongly, that is my assumption (and hope) also.
Gla
B1ll - apologies buddy. I didn't have the answer but thought that the question was really determined by the nation status of the holder.
No probs Leslie.
With The company being registered in Australia, the name 'Europa metals' (which is practically insignificant) and shares being traded on two different countries exchanges there is room for mis-interpretation of which rules apply :-).
Gla
Sorry......and the main company in question being German!