RE: Just a thought22 Nov 2024 20:33
Lloyd I'm not sure the clerk has worked out the percentages well they are all a bit off or the number of shares held is off;
NUMBER OF SHARES IN ISSUE
2,034,269,896 ordinary shares of no par value.
There are 60,000,000 ordinary shares held in treasury.
Disregard those in the treasury as these are not used in the calculations
Chong Loong Fatt Garies 101,612,081 5.15% This figure is wrong it should be;
101,612,081/2034,269,896 X 100 = 4.995%
The figures have always been off for all of the shareholders listed . I noticed this many years ago and it is still the case.
Likewise Jack Bai;
Bai Guojin 124,200,000 6.29% This figure should be 124,200,000/2034,269,896X100=6.1%
These cannot be rounding errors, or the inclusion of the treasury shares as this would lower the percentages further.
A bit pedantic but the information given puts Garries under 5% at 4.995%. He would therefore have to have alerted the company to issue a TR1. As he is an overseas holder, once he is below 5% he has no further obligations to infrom the company of downsizing.
Maybe someone could copy and paste this to Tim to see if he can get the figures verified and corrected if required. As mentioned the two cases given above are representative , all the percentages listed for the shareholdings are off and have been on all occasions on update etc.