Ann: Ceasing to be a substantial holder from IFL, page-8

Bruce Gordon, owner of WIN and erstwhile suitor of TEN, is at his limit. Can't go beyond 14.99%. Them's the rules.

From the AFR today:

WIN Corporation owner Bruce Gordon has built a stake in Prime Media to just under the key 15 per cent level, solidifying his position as kingmaker in the regional broadcaster's future.

As first reported by Street Talk, Bermuda-based Gordon's private investment vehicle, Birketu, bought 39 million shares on Thursday at 40¢ from Seven Group Holdings.

Deutsche Bank executed the trade.

Cross media rules prevent Gordon, who already held a stake in Prime, from taking his shareholding to beyond 14.99 per cent.

http://www.copyright link/street-talk/deutsche-bank-trades-prime-media-block-20170928-gyqowk

-------------------------------------------------------------------------------------------------------------
This post is based on my own research and is not investment advice. When making investment decisions, always DYOR.