holdings in a company

ritchiegang | 18:21 Wed 09th Mar 2011 | Business & Finance

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What does it mean when a company announces notification of major interest in shares. Does this mean someone had expressed an interest for the company ???

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venator

No, it's just a stock Exchange requirement.

twix123

If someone, or a company, owns 5% or more of another company, then this interest has to be declared as a major shareholder. Should the shareholding go over 30% then a formal offer has to be made for the remainder of the shares.

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