EVO - Evolve Education

[silverblizzard888]

Question-- Are the institutional shareholders able to sell the shares they purchased last week today?

If no, then who would be selling?

Thanks in advance.

The answer is institutional holders can sell their existing shares, but not the shares they have just taken up since they haven't been issued yet, that happens on the 17th May, after that date they can.

Also correct me if I'm wrong, but any retail shareholder could be selling now since they are pass the record date, so even if they sold their shares they would be entitled to sell and still take up their offer. At the current share price it'd be a premium to what they are being offered on their entitlement.