RE: 1% - Total Shares in Issue: 1,653,487,6065 Nov 2024 12:30
My understanding of TR1's FWIW is that if they have instructed a broker to sell say 100m shares there is no need to submit a TR1 until the 100m shares have been sold regardless of percentage levels crossed as it is an ongoing transaction. Clearly here they are not instructing the broker for every tranche. The broker has been instructed on the whole tranche, subject to the price not falling below "x", or an average of "y". Therefore we will only know when they have finishes, and even that will be delayed for sure.