https://i.imgur.com/QeIN3cz.jpg
Printable View
"Your usual today Mr. Singapore"
https://i.imgur.com/Mkyrlhy.jpg
17.1
"Not a step back comrades, sellers will be shot!"
https://i.imgur.com/NNqwnOI.gif
As per last disclosure released to NZX on 11th May, they hold 83,539,789 under Kiltearn Partners LLP and 44,663,206 under The Kiltearn Global Equity Fund. So combined they hold close to 128mln shares. I think they have bit more distance to go and thus continued overhang for a while yet. Unless another big holder wants to clear whole lot.
Yeah this confused me as well.
I doubled check.
They had 122,095,343 "combined" as @ 31 July 2020 according to the annual report on page 101.
https://www.sky.co.nz/documents/1170...ual+Report.pdf
They likely have 40m shares left to sell (if they are the ones selling).
It's explained here.
http://nzx-prod-s7fsd7f98s.s3-websit...794/328160.pdf
It's some sort of weird joint arrangement with clients held in a different name.Quote:
we act as an investment manager for a number of
commingled funds and separate accounts (our "Clients"). In acting for our Clients, we are
given full discretion over their investments, and are empowered to vote on their behalf.
However, Kiltearn does not act as their Custodian, and therefore shares are not held in our
name, but in the nominee name of their Custodian Bank.
I'm still some what confused.
Ogg you got your fishing gear ready.
Bring on the the weighing on the 29th. I've caught a few decent ones recently.
In other words, there are 44,663,206 shares held in their clients name, and 38,876,583 shares held in their own name but they control all the shares.
Total is 83,539,789, which is now less than 5%, which means they should have posted another notice that they are no longer substantial holder.
But I'm confused as well!
https://i.imgur.com/GQLhgU2.gif