It was reported on September 10 that according to documents disclosed by the Hong Kong Stock Exchange on September 10, the Valea Foundation increased its holdings at an average price of 2.6271 euros per share on September 5$FERRETTI (09638.HK)$0.2779 million common shares worth approximately €0.7301 million. After the increase in holdings, the Valea Foundation's latest shareholding was 44.2002 million shares, and the good position ratio increased from 12.98% to 13.06%.
The transaction involved another related party: Karel Komarek.
Additional information: Under Box 17, 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.
