AIM 0.00% 44.5¢ ai-media technologies limited

I beleive when a company(ie NS) reach a certain % stake in...

  1. 616 Posts.
    I beleive when a company(ie NS) reach a certain % stake in another entity (ie AIM) they are required to "declare their intentions towards them ie if they intend to remain a"passive shareholder",seek seats on the board or move to a full takeover situation?.
    Can anyone concur with these statements or shoot them down in flames?.
 
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