Member Info for Trisor

Apologies aim rules.

From what I can see from the sun rules it turns on the definition of relevant change and significant shareholder. Those definitions lead me to believe that it’s a significant shareholders holding which is the barometer. But stand to be corrected

Aim Rule 17

Holding of above 3% in any class of AIM security (excluding treasury shares) increases or decreases through any single percentage point.

I read the above that if your holding is over 3 per cent of total shares then any 1 percent increase or decrease of your holding must be notified - but you may be correct. It’s a bit ambiguous from the PLC link.

Would duffers or steadman have to disclose if they sold their shares?

Not sure you got it wrong Exms. Think it’s 1 percent of your own holding. Vis a vis shareholdings presumably these are banks
Holding on behalf of PI’s

The shareholder link isn’t for all SH . I think only who are from the company ?

Thanks. I guess we wait for a notification or it’s just a PI selling their holding over time

Thanks our posts crossed

Ok thanks EXMS…I guess we will see over the next few days then. Would it be possible please to refer me to the link you looked up re the 1 percent thing ….

Not clear to me on timing ExMS

Can Lanstead trade its nanosynth shares?

A: Lanstead has a demonstrable track record of being a longer-term supportive shareholder to its investee companies. Like any institutional investor Lanstead only invests in companies where it can see strong potential for share price appreciation.

Lanstead is free to buy and sell shares just like any other shareholder and it is required to disclose movements of >1% as a significant disclosable shareholder. Unlike other shareholders, Lanstead has an uncapped commitment through the sharing agreement to remit amounts each month to nanosynth based on the prevailing share price. Therefore whilst Lanstead may take a profit along the way (like any shareholder) and cover its downside risk on the investment (just like any shareholder), Lanstead also has an incentive (unlike other shareholders) to maintain a significant on-going shareholding because of its uncapped exposure on the amounts due to nanosynth over the 24 months of the sharing agreement should the nanosynth shares appreciate.

Possibly EXMS - what is not clear to me is when you have to disclose? Say you sell 4m shares 1 day, 2m the next is that disclosable?

Thanks Micho- no problem with speculation but there is a Q & A on this very topic. I’m pointing that out which is ofcourse also a legitimate thing to do

Ok so it’s fair to say you like me do not know the exact drafting on certain key issues.

This is from the Lanstead website

“We invest in listed businesses and look for companies who are poised to deliver. We have targeted £150 million to invest globally. We work directly with a company’s broker and advisers.”

How do you think Duffers sold NNN in such a way to fit with the “poised to deliver” mantra or are you saying Lanstead was also hoodwinked

Wonder how many shareholders there currently are in this company in reality ?

ExMs have you seen the agreement?

ExMs people were coming on theorising that Lanstead were selling a lot of shares and that showed lack of confidence in the company.

ExMS apparently and ofcourse I haven’t seen the agreement there was a duty to disclose anything over 1 percent (see below) ….there have been no notifications that I’m aware of so how many shares do you think Lanstead have sold:-

Lanstead is free to buy and sell shares just like any other shareholder and it is required to disclose movements of >1% as a significant disclosable shareholder

Why is that not true EXMS?

How many shares do you think they’ve sold to date?

ExMs thanks- but this didn’t help sell anything to me. I was happy there was funding to add to the 1.7m cash NNN had at the time

Q: Can Lanstead trade its nanosynth shares?

A: Lanstead has a demonstrable track record of being a longer-term supportive shareholder to its investee companies. Like any institutional investor Lanstead only invests in companies where it can see strong potential for share price appreciation.

Lanstead is free to buy and sell shares just like any other shareholder and it is required to disclose movements of >1% as a significant disclosable shareholder. Unlike other shareholders, Lanstead has an uncapped commitment through the sharing agreement to remit amounts each month to nanosynth based on the prevailing share price. Therefore whilst Lanstead may take a profit along the way (like any shareholder) and cover its downside risk on the investment (just like any shareholder), Lanstead also has an incentive (unlike other shareholders) to maintain a significant on-going shareholding because of its uncapped exposure on the amounts due to nanosynth over the 24 months of the sharing agreement should the nanosynth shares appreciate.