US investment company buys 1.17 billion dollars at a time and shares the second largest shareholder

Absrtact: October 11 News, only last night to the U.S. Securities and Exchange Commission (SEC) submitted a shareholder's first stock document, the document shows that the U.S. Investment management company T.Rowe Price Associates recently bought shares worth 1.17 billion of dollars. Only the goods will be yesterday

T.Rowe Price Associates, the US Investment management company, recently bought shares worth 1.17 billion of billions of dollars, according to a paper submitted to the Securities and Exchange Commission (SEC) last night for its first shareholder stock report, the news of October 11.

The Commission submitted a "13G" document to the SEC last night. "13G" and "13D" documents are generally submitted to the SEC for the shareholders of the first stock document, and "13g/a" or "13d/a" is the change of shareholder shareholding in the paper.

The "13G" document shows that T.Rowe Price Associates (hereinafter referred to Trpa) currently holds 12,976,514 common shares, accounting for 11.4% of the same type of common stock.

T.Rowe Price Associates shareholding ratio

Because only the product will currently adopt a single stock structure, so "11.4%" at the same time is also trpa shareholding in the total stock of the proportion of all stocks, this shareholding than the same example let Trpa become the second largest shareholder.

The filing (pictured below), which was submitted on April 25 this year, shows that the company's first largest shareholder is chairman and CEO Shenya, and Shenya has 16,510,358 shares of the only product through elegant Motion Holdings.

Only goods will be as of April 25, 2014 of the equity structure of the only goods will be close to the early morning closing price per share of the United States depository shares of 180.28 U.S. dollars, trpa buy 12,976,514 common shares to spend about 1.17 billion dollars. Only 1 shares of the United States Depository Shares (ADS) equals 2 shares of common stock.

It is worth mentioning that the only product will not be disclosed in the document TRPA buy shares in the form of open market price to buy, or privately negotiated prices to buy. If it is open market to buy, only goods will be close to 200 dollar share price, trpa such large purchase is rare.

The only product would have announced changes in the future stock structure. Only the shareholders general meeting has passed the proposal of the Board of directors from a single stock structure to a double-layer shareholding structure. In addition, the exchange rate of ads and common shares on November 3 from the original 1 shares of ADS equals 2 common shares into 5 ads equals 1 common shares.