This notice increases their shareholding from 4.74% to 5.14%. The consideration for these transactions in the prior 4 months equates to $2.35 per share.
Previous notice was an aggregate reduction in their holding by 10%:
Annexure A in this Notice of ceasing to be a substantial holder reveals Schroder Australian Equity Long Short Fund is one of the registered holders. Schroder's holding in Ridley represents 0.01% of their portfolio.
None of these notices provide any details of individual transactions in the period leading up to notice being given. Does anyone know why not? During prior period share price traded in a range $2.24 to $2.86.
RIC Price at posting:
$2.45 Sentiment: None Disclosure: Held
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