RE: TR-1 rules17 Aug 2019 10:09
Yes Sandy. At 30% Takeover Rules apply
The purpose of the 5% rule is to give the market advance notice that a stake is being built up ,which may or may not lead to a bid
I assume the exemption is because if Vast were incorporated in Switzerland etc, it would not have to notify the market in the UK, because it would be notifying the market in Switzerland under equivalent rules