More information on recent seller:
Mountain Road Investments Limited.
They are associated with A2's previous chairman, Cliff Cook. I guess long time investors, so took opportunity to take some profits.
You can see a definite pattern of long time and patient investors finally having some opportunity to realize some profits as well as rebalancing portfolios when shares have risen over 100% since recent lows. IMO does not reflect the amazing opportunity ahead for the rest of us.
https://opencorporates.com/companies/nz/861908
ATM / ANNOUNCEMENTS
SSH Notice - Mountain Road Investments Limited
3:01pm, 19 Nov 2015 | SSH
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
Note: This form must be completed in accordance with the instructions at the end of the form.
To NZX Limited
and
To The A2 Milk Company Limited
Date this disclosure made: 19 November 2015
Date last disclosure made: 11 December 2012
Date on which substantial holding ceased: 18 November 2015
Substantial product holder(s) giving disclosure
Full name(s):Mountain Road Investments Limited
Summary of previous substantial holding
Class of quoted voting products: ATM ordinary shares
Summary for Mountain Road Investments Limited
For last disclosure,—
(a) total number held in class: 57,558,701
(b) total in class: 645,166,979
(c) total percentage held in class: 8.93%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 35,058,701
(b) total in class: 718,890,508
(c) total percentage held in class: 4.877%
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure: Disposition by Mountain Road Investments Limited of 22,500,000 fully paid ordinary shares in ATM at a price of NZ$0.97 per share, being $21,825,000
Additional information
Address(es) of substantial product holder(s): Level 5, 25 Broadway, Newmarket, Auckland 1023
Contact details: Andrew Edwards, +649 531 4554,
[email protected]
Certification
I, Andrew Edwards, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made.
(20min delay)