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Ann: Becoming a substantial holder from BTT, page-5

  1. 283 Posts.
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    Hi lakota6,

    BTT made large purchases in March which pushed WBC over the 5% threshold, hence the WBC substantial shareholder notice.
    (At this point BTT still had a holding that was less than the 5% reporting threshold.)

    Since the WBC announcement, BTT made several more on market purchases that pushed their holding to 5.02%. They therefore were required to issue a substantial holder notice in their own right.

    Nothing at all to do with shorting, as these shares were purchased for the various funds they manage.
 
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