According to documents disclosed by the Hong Kong Stock Exchange on June 12th, Ross Stewart Norgard increased shareholding on June 7th at an average price of 0.0186 Australian dollars per share.$BROCKMAN MINING (00159.HK)$He increased his shareholding by 1.75 million ordinary shares, worth about 32,500 Australian dollars. After the shareholding, Ross Stewart Norgard currently holds 250 million shares, and the holding ratio has increased from 2.68% to 2.69%.
What is equity disclosure?
According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the company's shares) must disclose their shareholding in the listed company. Directors and senior executives of the listed company must disclose their shareholding and equity certificate rights in the listed company and any related companies.
Why is equity disclosure important?
Equity disclosure enables investors to identify (1) individuals who control or have the ability to control the shareholding of the listed company and (2) individuals who may benefit from transactions involving entities related to the listed company.