DTD....this is an article from 2018. It indeed does say approximately 20%. Is there however, any chance, that this figure could have somehow increased over the last 3 years with additional shareholders joining the class action? Keep in mind if it surpasses 25% , we are going to be facing some rough seas...this is not going to be good for the share price and thats just my concern..conversely if they dont have the requisite 25% we will see green all the way.Another thought,why would Hamilton oppose the global settlement with such stubborness if they didnt have the requisite numbers knowing well they wouldnt stand a chance in the absence of the 25%? Just playing devils advocate. Your response will be appreciated.
Interesting look what I found: So shareholding of all claimants about 20%!!!
South African Institutions back Steinhoff class action run by BarentsKrans
Many of the largest institutions in South Africa have decided to pursue claims on behalf of their clients and funds that suffered losses as a result of the collapse in the share price of global retailer Steinhoff in December 2017.
The institutions include Abax Investments, Allan Gray, Bateleur Capital, Coronation, Denker, Electus, Eskom, Investec Asset Management, Investec Wealth & Investment, Momentum, Old Mutual, Sanlam, Tantalum Capital, Truffle and Visio Capital.
These institutions, whose clients’ and funds’ holdings collectively represented approximately 20% of the total shareholding in Steinhoff at the time the company’s share price collapsed, are engaging their respective clients. They are informing their clients that they have concluded that the ‘class action’ case being run in the Netherlands by BarentsKrans, is their preferred legal route. The institutions are proposing to their clients that they participate in the BarentsKrans case, which they have concluded is aimed at achieving an outcome that is in their clients’ best interests.
Edited by woolhoff, 08 May 2021 - 01:07 PM.