One insider said it reflected the TalkTalk founder's belief that the company is undervalued, but added that it was not the prelude to a bid to take the company private. TalkTalk Executive Chairman Sir Charles Dunstone topped up his shareholding in the company on Friday when the shares fell 11% intraday. The share price has fallen by more than 50% since it was first floated last year. While stock exchange rules state that when a shareholder increases their stake above 29.9% they must make a mandatory full take over, the move is not thought to be a prelude to a bid to take the company private.
TalkTalk Executive Chairman Sir Charles Dunstone topped up his shareholding in the company on Friday when the shares fell 11% intraday. The share price has fallen by more than 50% since it was first floated last year. While stock exchange rules state that when a shareholder increases their stake above 29.9% they must make a mandatory full take over, the move is not thought to be a prelude to a bid to take the company private.