RE: OFCOM renewal of ITV licence13 Feb 2024 07:50
Good morning all, first let's just say that this fund must have been building a stake through some unknown broker for weeks/months so it wouldn't come to light until they were ready to announce it.
Second , yes the rules say they should announce / issue an RNS anything above 3% and it should come maybe today but I guess this has cault the ITV BOD's on the wrong foot.
Third, for all those that keep saying no one is ever going to bid for ITV this could be the start, I think any shareholder with 7% + can ask for a seat on the Board but that could be rejected by the Board.
Anyway interesting times as this is just what has been needed to kick the BOD's up the **** to get things moving. £1+ coming soon.