GXY 0.00% $5.28 galaxy resources limited

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  1. 98 Posts.
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    I would use the word "effective" control Salty. You have to take into account their Convertible Bonds and the conversion ratio and potential dilution again if the next round of conversion price lowered due to capital raising due to current cash shortfall. Holdings through nominee accounts of HSBC and JP Morgan may mask the true identity of holders. From company's website as of May 2 (approx 30% of total shareholding ex CB), the substantial shareholders are:

    1. M & G INVESTMENT MANAGEMENT LIMITED (Prudential UK Affiliate)
    116,779,806
    11.37%
    2. DEUTSCHE BANK AG
    87,409,760
    8.51%
    3 THE VANGUARD GROUP
    86,393,638
    8.41%
 
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Currently unlisted public company.

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