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River and Mercantile Asset Management LLP now own 7.4% of RFC


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This is a bit bizarre tbh because they appear to have come from nowhere. The previous list of notifiable shareholders was:

 

Laxey Partners Ltd: 7,578,672 - 11.64%

Artemis Investment Management LLP: 5,479,000 - 8.42%

Hargreave Hale Limited: 4,601,688 - 7.07%

Blue Pitch Holding: 4,000,000 - 6.14%

Miton Capital Partners: 3,143,857 - 4.83%

Mike Ashley: 3,000,000 - 4.61%

Alexander Easdale: 2,942,957 - 4.52%

Margarita Funds Holding Trust: 2,600,000 - 3.99%

Richard Hughes: 2,200,000 - 3.38%

 

Tisk tisk for them not keeping that major shareholder list up to date on the official 'investor relations website', as that shows poor practice on someone's part and reflects badly on our boardroom in general.

 

Anyway, today's announcement says that River and Mercantile Asset Management LLP previously had 3,095,500 shares which is 4.76%, but they've not been previously listed as a major shareholder with over 3% holding.

 

The latest transaction is them buying another 1,700,000 shares on Friday taking them up to 4,795,500 shares which is 7.37% holding in the company.

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This is a bit bizarre tbh because they appear to have come from nowhere. The previous list of notifiable shareholders was:

 

Laxey Partners Ltd: 7,578,672 - 11.64%

Artemis Investment Management LLP: 5,479,000 - 8.42%

Hargreave Hale Limited: 4,601,688 - 7.07%

Blue Pitch Holding: 4,000,000 - 6.14%

Miton Capital Partners: 3,143,857 - 4.83%

Mike Ashley: 3,000,000 - 4.61%

Alexander Easdale: 2,942,957 - 4.52%

Margarita Funds Holding Trust: 2,600,000 - 3.99%

Richard Hughes: 2,200,000 - 3.38%

 

Tisk tisk for them not keeping that major shareholder list up to date on the official 'investor relations website', as that shows poor practice on someone's part and reflects badly on our boardroom in general.

 

Anyway, today's announcement says that River and Mercantile Asset Management LLP previously had 3,095,500 shares which is 4.76%, but they've not been previously listed as a major shareholder with over 3% holding.

 

The latest transaction is them buying another 1,700,000 shares on Friday taking them up to 4,795,500 shares which is 7.37% holding in the company.

 

Do you think someone was trying to hide something deliberately?

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Do you think someone was trying to hide something deliberately?

 

I wouldn't like to speculate on that or make unfounded assumptions, but there certainly appears to have been a number of anomalies over the past year.

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I think this old shareholder list from 13 September tells us exactly where River and Mercantile have come from....

 

Rt8nIdZ.gif

 

Note numbers 12 & 16 on the list.

 

No12 - IIMG, is a fund run by BNY Mellon

No16 - MGM, is a fund run by BNY Mellon

 

BNY Mellon work directly for River and Mercantile through an outsourcing agreement -

 

13 May, 2013

BNY Mellon Extends Outsourcing Arrangement with River and Mercantile To Service $3.1 Billion in Assets

 

BNY Mellon has been appointed by River and Mercantile Asset Management LLP to provide middle and back office solutions for assets valued at $3.1 billion. In an extension of its existing outsourcing agreement with River and Mercantile, BNY Mellon is now providing middle office services and accounting in support of nine open-ended investment companies (OEICs) and all of River and Mercantile's segregated funds.

 

https://www.google.co.uk/#q=river+and+mercantile+BNY+Mellon

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