Opening Position Disclosures29 Nov 2025 08:30
There is going to be a lot of holding statements to be announced in the coming days. We will have a much better idea of who owns what including if any shorts exist.
“Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified.”
Must be done within 10 days of the start of the offer period. This includes new dealings too.
Gla holders this has been a. Dry long time coming. Aq