RE: Teabiscuit6 Nov 2018 20:39
Jed that is right. The BoD would have been in a Closed Period which would have finished imo 23 Oct 18 . MK would undoubtable have checked with the NOMAD to ensure that they could indeed buy before the RNSd purchase on the 25/26 Oct 18. It will be interesting to see if any of the other management or family have followed suit.
So although MK would not have any Price Sensitive info, he would certainly have been aware of any interest from partners and any preliminary discussions that have taken place .
As we know ( because the CEO told us ), that they have officially had talks with partners - if those talks were scheduled for the End of Oct, the BoD may have had a small window after the RNS on the 23rd until the talks officially began , which was prior to the CEOs interview on the 31st (I think) in which to buy shares.
At anytime from tomorrow, they could quite legally, and within AIM guidelines announce that they are now officially in talks with a partner at any time .
It also means that there is another 20k of shares in sticky hands - by my calculations there are probably only about 10% of shares available for retail investors to trade .