How many shares is a person taken to be interested in in the case of equity derivatives?
Holders, writers and issuers of equity derivatives are taken to be interested in, or have a short position in, the number of shares to be delivered, or by reference to which the amount payable is derived or (in the case of stock futures only) the relevant contract multiplier. Calculation of a person’s interest Long Positions The percentage figure of an interest in shares should be determined using the following formula: nominal value of shares in which a person is interested * X 100 nominal value of the issued shares of the listed company of the same class Short Positions To calculate whether a short position constitutes 1% or more, a similar formula can be used: nominal value of shares in which a person has a short position * X 100 nominal value of the issued shares of the listed company of the same class * Note that this will include all issued shares and shares underlying equity derivatives whether issued or unissued. The forms require the percentage figure to be rounded to 2 decima
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