$PBMD Bergen Asset Management New Position in Prima Biomed Ltd
Bergen Asset Management has filled a SC 13G form regarding Prima Biomed Ltd . Filing Link: 000090266415002738. Per Bergen Asset Management’s filing, the filler now owns 1.4% of the company, holding 24,555,820 shares.
Prima Biomed Ltd is a newly disclosed equity position and the filing was required due to activity on May 26, 2015. This most probably shows Bergen Asset Management’s confidence and optimism in the future of the company.
Form 13G is used when the filer owns between 5% and 20% of the company and plans to hold it only as a passive investor. If the filler intend to exert control and if the stake’s size exceeds 20%, then a 13D must be filed. Therefore, activist investors and practices such as: hostile takeovers, company breakups, and other “change of control” events, are not permitted by 13G filers.