It was reported on April 26 that according to documents disclosed by the Hong Kong Stock Exchange on April 26, the Valea Foundation increased its holdings at an average price of 2.9366 euros per share on April 22$FERRETTI (09638.HK)$630,600 common shares worth approximately 1,851,900 euros. After the increase in holdings, Valea Foundation's latest shareholding was 37.4822 million shares, and the good position ratio increased from 10.89% to 11.07%.
The transaction involved another related party: Karel Komarek.
Additional information: Under Box 14, the exchange as proposed to under the On Exchange column is the Milan Stock Exchange.What is disclosure of interests?
As required by the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the shares) are required to disclose their share interests in listed companies. The directors and top executives of a listed company must disclose their interest in shares and debentures of the listed company and the company linked to the listed company.
Why is disclosure of interests important?
Disclosure of interests allows investors to identify (1) persons who control or are capable of controlling the stock interests of listed companies, and (2) persons who may benefit from transactions involving linked entities of listed companies.