RE: Suay selling23 Jan 2025 10:09
I’ve read the RNS and can see that it states they have 2 billion shares. A few qs? Why was an RNS released to say they now have a 10.9% shareholding. What was the significant milestone that was passed to warrant the RNS?
How likely is this scenario from Mercedes man that I’m quoting below
‘Example: SC place 3 trades one for 3,000,000 one to take the holding to 3%, and one for everything else to zero
Trade one is worked by selling 30,000 shares a day, this takes 100 days to be complete and does not have to be announced until concluded (todays rns)
At the same time the 2nd and 3rd trades are filled, say 5-10m shares per day each subject to volume.
While all three trades are being worked any threshold crossed does not have to be announced as none of the trades have completed.’