RE: Are Reach in play?14 Jul 2021 17:22
3 things (and then I'll sign off as this is off the point):
1. The list you published is inaccurate. Northern & Shell (who appear) no longer own any shares and Welcome Trust (who do not appear) own 3.89%. Aberforth dropped from 10.37% to 9.97% on 7th July, so presumably, the 10.06% is either a misprint or quite old. Those are just three where I knew the figures shown were wrong. Looking at the list, I am pretty sure there are a few more.
2. Assuming it has any validity, it makes the point that there are a lot of investors with deep pockets who are below the published FCA level of disclosure which is 3%.
3. Below that you can (as in it is not illegal) to split and disguise shareholdings. Unintentionally, mine are and probably so are yours. I have accounts with II, HL, iWeb, AJBell etc. The shares with each are in omnibus nominee accounts and so appear on the register of shareholders in the name of the nominee (i.e. not in my name).
GS