Ann: Change in substantial holding, page-59

Hi SJbomber
My reading of the whole section suggests Strike has a high level of discretion to decide what counts as a valid acceptance I.e. enough discretion to block any attempt to by Gina to suddenly switch her WGO shares into STX as is often hypothesised on this thread.
Strike won’t want her on the register with a substantial holdings unless they already have some sort of understanding.

Todays trading also raises the possibility of STX selling out to Gina for a nice profit, rather than Gina going for STX via a conversion, as I find it hard to believe a third party will enter the fray at this point