Top HLS Investors Dump Shares
imc-uk-features | 25.02.2009 22:11 | SHAC | Animal Liberation | Health | South Coast | World
Just days before the SHAC global week of action kicked off and two weeks after Huntingdon Life Sciences' vivisection laboratories were exposed for the seventh time in ten years, revealing shocking undercover footage, HLS shareholders have sold 15% of the company (ticker symbol LSR). As a result the percentage of LSR stock held by institutions fell further from 20.1% to 17.7%, leaving them below the minimum listing standards of the New York Stock Exchange, a major target in the campaign to close down HLS.
Wells Fargo, who were one of LSR's top five institutional investors has sold all their 147,511 shares and the Bank of New York Mellon, previously third largest investor, sold most of their LSR stock dumping 149,157 shares. BNY Mellon now only have 26,634 remaining of the original 175,791 shares, with Turner Investment Partners Inc also selling their 56,880 stock.
The announcement was made the day before Animal Liberation Front (ALF) activists reported they had slashed car tryes at the home of BNY's Business Analyst in Hampshire, whilst other covert cells targeted HLS associates in solidarity with political prisoners, including the UK SHAC 7. Protests also took place at BNY and Wells Fargo's offices and executive's homes, as part of a three-month campaign based primarily in London [ 1 | 2 | 3 | 4 | 5 ] (England) and New York City (USA) [ 1 | 2 ].
HLS have been suffering from a serious lack of investment since December 2007, with over a dozen corporations selling all their shares in LSR. Their share price as of February 25th is $5.78, the lowest since their high of nearly $40 in September 2008. With an unstable share price, activists continue to increase the pressure against HLS shareholders, particularly largest investor Barclays.
Just days before the SHAC global week of action kicked off and two weeks after Huntingdon Life Sciences' vivisection laboratories were exposed for the seventh time in ten years, revealing shocking undercover footage, HLS shareholders have sold 15% of the company (ticker symbol LSR). As a result the percentage of LSR stock held by institutions fell further from 20.1% to 17.7%, leaving them below the minimum listing standards of the New York Stock Exchange, a major target in the campaign to close down HLS.
Wells Fargo, who were one of LSR's top five institutional investors has sold all their 147,511 shares and the Bank of New York Mellon, previously third largest investor, sold most of their LSR stock dumping 149,157 shares. BNY Mellon now only have 26,634 remaining of the original 175,791 shares, with Turner Investment Partners Inc also selling their 56,880 stock.
The announcement was made the day before Animal Liberation Front (ALF) activists reported they had slashed car tryes at the home of BNY's Business Analyst in Hampshire, whilst other covert cells targeted HLS associates in solidarity with political prisoners, including the UK SHAC 7. Protests also took place at BNY and Wells Fargo's offices and executive's homes, as part of a three-month campaign based primarily in London ( 1 | 2 | 3 | 4 | 5 ) (England) and New York City (USA) ( 1 | 2 ).
HLS have been suffering from a serious lack of investment since December 2007, with over a dozen corporations selling all their shares in LSR. Their share price as of February 25th is $5.78, the lowest since their high of nearly $40 in September 2008. With an unstable share price, activists continue to increase the pressure against HLS shareholders, particularly largest investor Barclays.
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