Kroenke had a beneficial interest in, and controlled voting rights over, 18,594 shares, representing 29.9 percent of the issued shares, meaning he was nearing the maximum 29.99-percent threshold, beyond which he would be forced to make an offer for all remaining shares.
Kroenke had a beneficial interest in, and controlled voting rights over, 18,594 shares. A beneficial interest in, and controlled voting rights over, 18,594 shares was representing 29.9 percent of the issued shares. He was nearing the maximum 29.99-percent threshold. This was what a beneficial interest in, and controlled voting rights over, 18,594 shares were meaning. He would be forced to make an offer for all remaining shares beyond percent threshold.