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GB Group plc is a United Kingdom-based company, which provides identity data intelligence products and services helping organizations recognize and verify all elements of an individual's identity at key interactions in their business processes. The Company's segments include location, identity and fraud. The location segment includes address lookup, verification and capture; e-mail validation... see more

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GB Group Ord Shs > "ACB owns 700600 CMED shares ...- That is 2.867%"

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Post by MartialArts on Jan 21, 2018 3:53pm

"ACB owns 700600 CMED shares ...- That is 2.867%"

Duxing is correct. Not only is that a small percentage, but all these recent purchases are non-voting. The record date was in November. Anyone who purchased shares now do so because they see the value at these prices, not because it gives them a vote.

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Comment by Duxing on Jan 21, 2018 4:09pm

ACB purchased those shares in order to reduce the number of voting shares thus increase the percentage of the 38% locked-in shares.

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Comment by Brento1 on Jan 21, 2018 5:30pm

Or to say themselves some money when the merger comes in well over $24.00.

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Comment by MartialArts on Jan 21, 2018 8:59pm

Owners on record as of November could still vote with their proxy number. New owners such as ACB could not. The proxy votes ended January 19th. Large holders registered directly (not via brokers) can vote as they are registered directly with the company on the meeting date Thursday. If there is a friendly merger, Management will lobby for approval and explain the reasoning. If ...more

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GB Group Ord Shs