It was reported on September 11 that according to documents disclosed by the Hong Kong Stock Exchange on September 11, James Thomas Mackie increased his holdings at an average price of $0.06 (CAD) per share on July 12$PERSISTENCE RES (02489.HK)$The associated corporation Majestic Gold Corp.0.22 million shares are worth approximately 0.0132 million yuan (CAD). After the increase in holdings, James Thomas Mackie's latest shareholding number of shares in the associated corporation was 0.5 million shares, and the good position ratio increased from 0.03% to 0.05%.
Additional information: The class of shares listed under box 8 is “listed shares in TSX Venture 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.