TalkTalk Executive Chairman Sir Charles topped up his shareholding in the company on Monday when the shares fell 28.5% intraday. Reports suggest that Sir Charles added to his holding of 11% purchasing additional shares worth £ 750,000 . While stock exchange rules state that when a shareholder increases their stake above 28.5% 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. Reports suggest that Sir Charles added to his holding of 28.5% purchasing additional shares worth £750,000. 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.