Forum Archive Index - December 1999

[Sarah Corkill <Sarah.Corkill@directbroking.co.nz>]

Dear David,

A Substantial Security Holder Notice must be filed by an holder of more than
5% of a listed company.  Thats the basic version anyway..........
If a company increases/decreases their holding by more than 1% they must
file another SSH notice advising of the change.
If the company holding falls below the 5% threshold then they must advise
that they have ceased to be a substantial holder.
If you own more than 5% of a listed company you must file a notice, you must
also filed notes if you have a 'relevant interest' in somebody elses
holding.  For example, if the shares are held in the name of a family trust
then the trustee's must file a notice as they will control the voting rights
attached to the shares.

Clear as mud!

Kind regards,

Sarah Corkill
Direct Broking




-----Original Message-----
From: David Lau [mailto:Akunamatata@xtra.co.nz]
Sent: Wednesday, 8 December 1999 05:48
To: sharechat@sharechat.co.nz
Subject: [sharechat] SSH Notice


Hi, 

Can anyone explain what is SSH Notice  and what does it do?

Why FFS price just go down to floor after FLC issue the SSH Notice?

Cheers.

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