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Again I would suggest this (likely very temporary) weakness is a good opportunity for those with spare funds to load up on these. Sadly I'm not currently in that catagory.
Agree, it looks like bored holders or holders that have lost track of what's going on here seeing new opportunities and drifting off. GM/newsflow next week should provide refocus.
continues she just can't get a buy long way back to 50p
need some info as to plans here. GM cant come soon enough. atb
UK-incorporated issuer: 3% of total voting rights and each whole percentage point after that. Non UK-incorporated issuer: 5%, 10%, 15%, 20%, 30%, 50% and 75% of total voting rights. Where a holder of a previously notified financial instrument acquires the underlying shares and a shares threshold is tripped but overall % held is unchanged, the change in nature of holding needs to be disclosed. The disclosure rules apply only to holdings in (a) UK incorporated or non-UK incorporated issuers whose shares are admitted to trading on an EEA regulated market and whose home Member State is the UK and (b) UK incorporated issuers whose shares are admitted to trading on a UK prescribed market (e.g. AIM).
Its been every 1% threshold above 3% for as long as I can remember. Note the rules are different for companies not incorporated in the UK. Sellers don't RNS every % when they buy/sell enough shares to cross multiple boundaries - of course they don't issue a separate RNS for every boundary crossed, they are all covered by 1 RNS.
Strange, it was every 1% above 3% last time I looked, so they must have changed the rules recently. Do you have a source for this?
Different option euclid. We're talking about the call option they have over Kyle Appleby's shares.
Yes, above 3%.
but is the boundary every % ?
Nevertheless the rule is that any holding over 3% that goes through a % boundary must have an RNS, and given their previous following of this rule I don't see any reason to believe they won't do so again. Looking forwards to the RNS.
really got a clue whats going on here? Should of sold my free runners up in the 40's and bought back in down here hindsight is a wonderful thing
no... but I'm not sure they would have to RNS that ? maybe if they cross 20%. Reality is they don't need to anyway ... think CTAG just happened to drop and RNS not long ago letting shareholders know that Corvus had sold out and it was several months after the fact. oooops... slapped wristies. Big deal.
did you call batman....
If you read the runs clearer, Calvert can't buy the 2m option shares until after 6 months - Aug 2017 The Board also approved on 31 December 2016 the grant of an option to Calvet International Limited ("Calvet") over 2,000,000 ordinary shares, exercisable at 50p per share (representing a premium of 70.9 per cent to the closing middle market price on 30 December 2016) exercisable after six months
But given their last declared holding was 14.2%, there doesn't seem much danger of that by adding 4%?
taking a thumping here.
1,590,081 shares is 4.2%
* Under the terms of the call option, Mr Appleby has granted Calvet International Limited an option to acquire 1,590,081 shares in the Company at a price of 18p per share at any time prior to 31 January 2017. Calvet has the right to assign the option. All shares sold by Patrick Cross, Kyle Appleby and John Zorbas were sold at 20p per share, of which 2p per share is to be returned to the Company.
Yep no worries here. Just peeved I didn't peel off a few in the high 40's or have other decent spare funds. If I did I'd be jumping in here.
Less than a week to the GM then news flow from there. Calvet option at 50p, Directors buying at 50p. Warrants at 80p. I don't think this is a long term downtrend.
What's the 29.99% level got to do with it? If anyone holding over 3% goes though a % point they have to RNS it. 2m shares is about 5% of the company!
don't think they will go over the 29.99% level on the extra 2m shares
I was assuming exercising the option (and thereby acquiring the shares) would take them over another % boundary - so would require a holdings RNS?
suspect large after hours trade. hold.