re: Ann: Becoming a substantial holder in BOW... Tui, you wrote:
"I have answered my own question. Once a fund gets to 5% they must disclose everything. I suppose all the way to 100% "
Tui,
An holder that reach the minimum 5% of a Company's shares has to declare it's hand.
But, only when there are movements of 1% or more of it's holdings, (up or down) they will have to make a further announcement to the market. If the movement is below the 1% (say.9999% of 1%), IMO they don't have to say anything.
Once they reduced their holdings to say 4.99999%, then they will have to announce the change as a Reduction/Change to Substantial Holder's notice, and after that they can operate in the dark, for as long as they like, without telling anything to anyone, until they reach that 5% magical figure again.
DYOR.
Regards.
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