For every 1% increase in holding (now that they have made it public for a takeover) they have to announce. However, i'm not sure about the legalities if they use a third party to purchase for them i.e. MacQuarie or another entity buy on their behalf and then transfer those shares at a later date. I'm pretty sure with this scenario they can keep buying and not give it away as easily.
One thing people have to remember is that KKR could offer $4.27 but the average purchase price by KKR could be $3.50 due to buying low and on the way up. This way, they still get their IRR of 20%-30% with an offer price of like $4.27 but average cost is $3.50. At $4.27 or around this mark it will be quite tempting to alot of retail investors and instos. You have to remember that alot of instos averaged down (as the Greencape substantial notices will show you).
VOC Price at posting:
$3.49 Sentiment: Hold Disclosure: Held
