RE: re shares7 Mar 2019 13:01
Austinfriars, you mind me asking which Americans you are referring to ?
And to answer your question, ANYONE who owns AIM shares must comply with its regulations which includes reporting any notifiable interest in the Company's shares
*AIM Rule 17 \ Shareholding notification threshold \ A holding of 3% or more in any class of AIM security (excluding treasury shares) and any increase or decrease in such holding through any single percentage point.
**Obligation to report threshold crossings \
In accordance with the London Stock Exchange (LSE) rules, an investor who acquires, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% of a UK Company, must, under the Companies Act 1985 Section 198, disclose their interests to the London Stock Exchange and the company, within two days. The company may impose sanctions if disclosure not completed.