RE: Morgan Stanley30 Apr 2024 12:23
Hi Fleccy,
I'm trying to understand the RNS you've referenced.
Its not clear to me if it was a buy, sell or something else.
---
the reason for notification in section 2 is given as "Basket Weighting Change", whatever that means. I've googled it and just get references inflation indicators.
But it's section 7 that has me really puzzled.
"% of voting rights attached to shares" has moved from 0.06 to 0.00 , so you might first think its a sell
however,
"% of voting rights through financial instruments" has moved from 6.6 to 7.0,
and,
"Total number of voting rights held in issuer"... after the transaction nearly 700M
So is it a buy... or has the holding be migrated from one kind of instrument to another ?
Also, section 8B2 sets out a schedule of option execution dates into 2026....
So, my feeling is that this is Morgan Stanley doing some housekeeping.
What do you think?
thanks
M