"I still believe that management should have been upfront, when Ray Blight sold around 30 million million shares"A substantial holder announcement is required to be made by a person or entity that becomes a substantial holder of a listed company on the Australian Stock Exchange (ASX).
The responsibility for making the announcement lies with the substantial holder or their representatives. This includes:
The Substantial Holder: The individual or entity who crosses the 5% threshold in the company's shares must make the announcement.
Their Representatives or Agents: If the substantial holder is an organization, their designated representative or an agent acting on their behalf may also be responsible for submitting the announcement.
The announcement must be lodged with the ASX within two business days of becoming a substantial holder. This requirement ensures transparency and provides other investors with up-to-date information on significant changes in shareholdings.
How is Alcidion responsible here Chaddy? Alcidion is not responsible for announcing individual changes on the register.
chart & chat, page-2269
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