What impact does the TD have on shareholders?
When a shareholder acquires or disposes of shares that have voting rights attached, they will be required by the TD to notify the issuer if it results in the thresholds of 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75% – whether these are reached or exceeded or if they fall below. The TD also establishes what the content of this should be. Parent undertakings are required to combine their holdings with those of their controlled undertakings for notification purposes.
