RE: New docs25 Apr 2019 12:09
Found this on an old iii thread
Also worth highlighting that according to FRR’s website, it says that only 9.8% is not held in public hands, which equates to around 285m. So do we assume that all these shares are held by the management and/or associates? Perhaps, because the only listed institutional investor on FRR website is Elmar Finance at 5.6%. And putting SN and Elmar together accounts for over 12%, so Elmar is not part of the 9.8% ‘not held by the public’ calculation.