Adherium Ltd. (AU:ADR) has released an update.
Adherium Limited has disclosed that Regal Funds Management Asia Pte Limited revealed its long equity derivative positions in the company. The notice provided by Regal Funds Management highlights a change from a previous disclosure of a 7.63% shareholding to a position below 5%. This disclosure aligns with the Australian Takeovers Panel’s Guidance Note 20, which mandates transparency in the declaration of long positions to prevent unacceptable circumstances.
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