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Andy - Thu, 01 Jan 04 :

Downes2,

In a word, yes!

Also gives the institutions a chance to buy in quantity, and to make a quick turn if they choose to unload staright away.

This can also be done quickly, without the hassle and cost of contacting exiting shareholders, and waiting for their replies, as institutions are in a position to make a quick decision.

This can be seen as unfair by shareholders, as they are being denied the opportunity to purchase at a discounted price, and without normal dealing charges.


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