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Dublin-based hedge fund builds stake in Adapt IT

Dublin-based hedge fund builds stake in Adapt IT Adapt IT’s head office in Midrand, Johannesburg Who is buying JSE-listed Adapt IT shares at or above the R6.50/share offer price tabled earlier this month by Canada’s Volaris Group? A disclosure by Adapt IT to investors on Friday may have shed some light on this question. Blacksheep Master Fund, controlled by Dublin, Ireland-based hedge fund manager Blacksheep Fund Management, has in recent weeks acquired almost 10 million Adapt IT shares, or 7.2% of the number of securities in issue, excluding shares held in the company’s treasury (6.28% including the treasury shares).

FSCA opens insider trading probe over transactions in Huge Group shares

MONEYWEB app instead? That will ‘cover disclosures and transactions in Huge Group securities during January 2021’, it said on Thursday. 14:29  Open: Image: Moneyweb The Financial Services Conduct Authority (FSCA) has begun an insider trading investigation that will “cover disclosures and transactions in Huge Group securities during January 2021”, it said on Thursday. TechCentral understands that this investigation may be related to transactions in the JSE-listed telecommunications group’s shares by third parties who may have had prior knowledge of its planned bid to buy software services group Adapt IT, which it announced to the market on 27 January. INSIDERGOLD Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process.

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