RE: 12 month hostile takeover rule means a max offer of 60p11 Sep 2020 10:35
BobBetts,
Taken from the FCA website:
"A public share notification must be made when the net short positions of shares reach 0.5% of the issued share capital of the company concerned, and again at each 0.1% increment after that. "
It reached 0.5% Wednesday, I suspect the majority of the position was taken out at the recent high which may in part explain some of the recent drop, I also suspect many other non-disclosed (under 5%) short positions accompanied the latest one during the recent highs. I don't know how to find this out or if indeed I am able to somehow?
Interesting that Millennium International Management LP Chose to reach the 0.5% threshold for disclosure Wednesday with auctions anticipated to take place in the next week or so. Are they trying to scare me out of my shares?
I guess we will find out more over the course of the next 18 days. GLA.