Member Info for ExMS

And they effectively get long 1.2m shs a day so another 25m shs will get them flat on what they bought. Then they’ve still got their 35m free shs

So they have sold approx 69m shs
Interesting they left their holding at 18.98%
Means they can sell down to 18.01% without having to report which is around another 25m shs

For sure Lanstead read this board

@Dr M
Unfortunately yes, it seems Duffers was just happy to sell out/dilute in order to keep getting paid for a bit longer!
What’s also interesting is that the threshold was crossed on 29 Dec but we only find out today

If nothing else it demonstrates what sort of “investor” Lanstead are

@Trisor
I definitely read it as every 1% effectively you sell of the company is notifiable. Not 1% of your holding.

I think I got the 1% wrong.
AIM Rule 17

Holding of above 3% in any class of AIM security (excluding treasury shares) increases or decreases through any single percentage point.

So 1% is actually 1% of total outstanding shares which is 1% of 2.65bn or 26.5m shs

Lanstead Investors Ltd.
21.59%
Gareth Cave
10.96%
HBOS Investment Fund Managers Limited
8.89%
Barclays Bank PLC, Wealth and Investment Management Division
4.95%
IG Group Holdings Plc, Asset Management Arm
4.16%
A J Bell Holdings Limited, Asset Management Arm
2.45%
Jarvis Securities plc, Asset Management Arm
2.1%
HSBC Global Asset Management (UK) Limited
1.87%
Fidelity International Ltd
0.43%
Peel Hunt LLP., Asset Management Arm
0.24%

https://uk.practicallaw.thomsonreuters.com/w-009-1710?transitionType=Default&contextData=(sc.Default)

@Trisor
Can you open that link re shareholders?

https://simplywall.st/stocks/gb/capital-goods/aim-nnn/nanosynth-group-shares/ownership

I’ve just looked it up. It seems they have to report when their shareholding changes by +1% and every 1% thereafter. It could be that they might leave an order with a broker to sell say 20mm shs and the order might take a few days to complete and they might not book it out until the order is complete. And then they would report a 4% change in one go.

It seems that Lanstead would have report then if their holding changed by 6m shs approximately. So it’s not them that have been selling. But somebody else has been.

I’ve only seen what is on Lanstead’s website and the RNSs

1% of what though?

Unless there is something in the agreement that says that the upside SP is capped for Lanstead? I’m not aware of any such limit in the agreement?

Lanstead also has an incentive (unlike other shareholders) to maintain a significant on-going shareholding because of its uncapped exposure on the amounts due to nanosynth over the 24 months of the sharing agreement should the nanosynth shares appreciate.
NOT TRUE
They do not have to hold because of an uncapped exposure to the upside over 24 months. Thirty can simply sell 1mm shs/day to hedge

I don’t know if Lanstead have sold, nobody does.
But they can still make money in a falling market hence why the statement is UNTRUE

@Trisor
The projected outcome for nanosynth is contractually clear and the value of Lanstead’s investment is greater if the company’s share price is higher.
What about the actual value? That’s not contractually clear. What do you think the deal is worth?

The bottom line is that Lanstead makes more money as the share price rises and -does not derive any advantage from a decline in the share price-
NOT TRUE