RE: TFL National Grid Power Outage14 May 2025 08:56
Seller(s) running on fumes!?
RNS 6 May 25:
Significant Shareholdings Update:
· The Company understands that there have historically been significant leveraged positions in its shares as part of CFD swaps held for underlying clients by each of Spreadex and Cantor Fitzgerald;
· Further to the Company's TR-1 RNS announcement dated 14 October 2024, Cantor Fitzgerald has recently notified the Company that the size of their position has reduced to 1m shares or 0.23% of the issued share capital of the Company, down from almost 6% previously;
· Further to the Company's TR-1 RNS announcement dated 10 October 2024, following investigation by the Board, it believes that the position held by Spreadex has been closed; and
· The Company is pleased to see the removal of these overhang leveraged positions in its shares and believes this will be favourable to the shareholders of the Company.