So basically we're saying that 3.19% or a total of 328,356,801 shares went into the Bags of holders sitting outside the Top 20. And obviously NOT necessarily retail. So like a THIRD of Piedmont's stake has gone to holders less than 32,027,852 shares.
The UBS subsidiary Warbont Nominees Entrepot A/C is interesting since these ' UNSETTLED ' amounts at time of highlighting has increased some 122,278,410 shares since last shown in a Top 20 listing at 31st August 2023. Is it simply a function of the Piedmont stake finding a home ( which I doubt ) , but more to do with unsettled short positions being recalled at the time of this compilation of data.
Whatever the case , the market does look to be embracing this sigh of relief with 3 long standing and mainstay Institutional nominee holding accounts happy to increase their client holding portfolios substantially.
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