RE: rooky6 Nov 2020 07:28
"Following these transactions, Paul Ryan's shareholding in the Company will increase to 67,593,249 shares in the Company, representing 4.41% per cent. of the enlarged issued share capital and total voting rights of the Company.
So he hasn’t sold any according to rns,actually his holding is increased."
No, that's not what the RNS said:
- he sold one tranche of ordinary shares (-12,821,995)*
- he converted a loan and interest into shares (+12,824,042)
- he exercised a warrant and got shares: (+12,618,928)
The shares added exceeded the share sold so his holding has grown. It's basic maths.
*These would already have been admitted and could be traded. .