RE: Substantial shareholdings in GGP2 Dec 2018 14:17
Doesn’t really answer the question;
When the total volume of outstanding shares increases with placings and by default holders actual % stake goes down, does this need to be reported to the market or not?
Example: RTC has 3% in Company A with 3m shares
Company A total outstanding shares is 100m
Company A has fund raising exercise with 10m placing. New total volume of outstanding shares is now 110m.
RTC now only has 2.72% stake of company A. Even though RTC has not sold any shares to go below 3%, will he need to report his revised % holding to the market, or are the rules different when the change is caused by placings etc
Thanks