Last thing 12gaBotin would have to make a formal Takeover bid if he were planning to aquire 20%. According to this data he was already a 20% shareholder in July of 2013 xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxBottin (International) Investments Ltd. 22,281,490 23.66 6,678,061 42.80 0 05/07/2013 J.P. Morgan Asset Management (UK) Ltd. 3,211,111 3.21 0 0 0.04 12/31/2013 M&G Investment Management Ltd. 3,000,000 3.01 0 0 0.66 12/31/2013 Royal Bank Of Canada 2,527,706 2.53 -51,386 -1.99 0.01 12/31/2013 Capital Research Global Investors 2,222,222 2.23 0 0 0 12/31/2013 Fidelity International Ltd 1,072,835 1.08 361,762 50.88 0.02 12/31/2013 BlackRock Investment Management (UK) Ltd. 1,000,000 1.00 1,000,000 New 0.06 11/30/2013 Chilton Investment Company 881,605 0.88 104,000 13.37 0.13 12/31/2013 Colonial First State Investments Limited 745,833 0.79 -46,919 -5.92 0.31 09/30/2013 AXA Isle of Man Limited 669,881 0.67 284,599 73.87 0.41 11/30/2013 CQS (UK) LLP 649,999 0.65 225,000 52.94 0.28 12/31/2013 Canada Pension Plan Investment Board 643,452 0.64 0 0 0.01 12/31/2013 AGF Investments 581,775 0.58 28,803 5.21 0.03 12/31/2013 New City Investment Managers Ltd 417,837 0.44 -62,304 -12.98 1.04 06/30/2013 Smith & Williamson Inv Mgmt Ltd 391,693 0.40 50,000 14.63 1.41 01/31/2014 Fidelity Management & Research Company 254,200 0.27 92,100 56.82 0.11 10/31/2013 First Manhattan Company 184,980 0.18 0 0 0.01 12/31/2013 First State Investments (Hong Kong) Ltd 108,779 0.11 45,206 71.11 0.41 11/30/2013 J.P. Morgan Investment Management Inc. 91,000 0.09 0 0 0 12/31/2013 Mitsubishi UFJ Asset Management Co.,Ltd. 67,800 0.07 67,800 New 0.28 10/21/2013 XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX What Happens if I Become a 20% or Greater Shareholder? Do not become a 20% or greater shareholder without first speaking with Canadian legal counsel. Canadian securities laws prohibit acquisitions of outstanding securities of an issuer that result in an investor holding 20% or more of a class of voting or equity securities of a Canadian public company without making a formal takeover bid (that is, a public tender offer). There are a few exceptions to this requirement, including purchases through private agreements and limited public market purchases, but it is important to get specific legal advice about them before increasing your ownership level to 20% or more.