RE: Three Secret Places Mining Stock Pros Invest2 Sep 2021 01:16
This is something that Hydrogen has been harping on about for some time, ie we should expect a TR1? The other aspect is that according to some posters, no announcement has to be made until they have stopped buying?
But I personally do not think that is correct.
It is the percentage crossed that requires announcement , ie
In accordance with the London Stock Exchange (LSE) rules, Panel of Takeover
and Mergers board (PTM) rules, an investor who acquires, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% of a UK Company, must, under the Companies Act 1985 Section 198, disclose their interests to the London Stock Exchange and the company, within two days. The company may impose sanctions if disclosure not completed.
https://www.clearstream.com/clearstream-en/products-and-services/market-coverage/europe-non-t2s/united-kingdom/disclosure-requirements-uk-1280798