TLS telstra group limited

Ann: Ceasing to be a substantial holder, page-5

  1. 9,898 Posts.
    lightbulb Created with Sketch. 475
    My understanding is it means nothing.
    State street became a substantial holder of 5.02 %.
    When a asx co becomes a substantial holder of 5% plus they must make a asx announcement.
    When state street or one of their subsidiaries sell some shares to reduce that holding below 5% they again must make a asx announcement in this case more than .02 %.
    And why in last announcement it does more state their holding position because its below 5%.
    If state or one of their subsidiaries again buys some tls and its holdings go above 5 % u will get another announcement..
 
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