Lombard Odier12 May 2020 19:21
So, Lombard Odier now have 109,162,416 shares (16.85% of 647,848,166). These are held on behalf of clients with discretionary accounts.
What we don't know is did Lombard Odier take the full 162.5 million placing shares and have subsequently sold off 53.5 million shares or was the placing with two or more institutions?
Presumably, the 3% reporting rule applies so anyone with 19,435,445 shares or more will have to issue a TR1.
Which begs the question, who owns the rest of the company, surely not all private investors...
Does anyone have any further observations?
Cheers - my first ever post
Nick