No.If you look at their last disclosure there were 466m(2018)There is now 724m thus they have less than 5%
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Several capital raisings since 2018 that AMP have not participated in that brought the total to 691m and AMP maintaining an over 5% holding to the point where ANZ splashed out.
Whoops.. total shares 466 > 724. Their holdings were 25m > 34m
-(a) total number held in class: 25,644,970
(b) total in class: 466,321,801
(c) total percentage held in class: 5.50%
For current holding after ceasing to have substantial holding,
(a) total number held in class: 34,330,651
(b) total in class: 724,143,563
Another thing that should be considered is that others may have been accumulating up to a point just below 5%. This would drop the percentage ratios elsewhere too.
I would suggest that this pretty well says that there has been quite a considerable amount of accumulation elsewhere if a holding percentage drops by that amount despite accumulation of their (AMP) own.
But that is precisely the point, the number of shares have not remained constant and with every new issue via placements or CR the percentages will change.
Dilution.
Sp firming a little towards the AGM on Wednesday.
So are there announcements in the offing to be made then?
http://nzx-prod-s7fsd7f98s.s3-websit...785/325832.pdf
Notice is hereby given that the 2020 Annual Shareholders’ Meeting of Pacific Edge Limited will be held online at http://www.virtualmeeting.co.nz/peb2020 on Wednesday 5 August 2020, commencing at 3.00pm.