“Sometimes these changes in holding notices don’t come out for weeks after the event..”
Company Secretarial requirements re SubstantialShareholders....
...for each 1% (or more) change in holding a Form 604 “Notice of Change of Interests of Substantial Shareholder” must be lodged. And, if the holding falls below 5% a Form 605 “Notice of Ceasing to be a Substantial Shareholder” must be lodged.These Forms must be lodged within 2 business days after they become aware of the transaction or change in % holding and by 9:30am next stock exchange trading day in a takeover situation.
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“Sometimes these changes in holding notices don’t come out for...
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