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A Price Monitoring Extention is activated when there is a movement in price that is a pre- determined percentage ( set by a securities Millennium Exchange sector) above or below the most recent automated trade.
It's automated by the London Stock Exchange and has no human intervention whatsoever.
Just my opinion of course, but I would strongly advise you shorters to start selling your borrowed shares as soon as you can.
When you go long your maximum possible loss is 100% but if you have a short position there's no limit to how much money you can lose if the shares rise.
Don't be greedy you shorters, just a bit of friendly advice
It's so frustrating at the moment and I have to admit that I have all but given up on UK home use LFT sales because of our useless government.
The EU and US is where it really matters as far as LFT sales are concerned and I really do trust Alastair Smith to deliver on this.
Good luck everyone, hopefully not long to wait for that transformational RNS.