[ESMA70-145-408 SSR Q&A, Q&A 5.7]

A notification is required where the position reaches, exceeds or falls below a relevant notification threshold that equals 0.2 % of the issued share capital of the issuer concerned and each 0.1 % above that. If there is a change of net short position which remains within the relevant notification threshold, for which a notification has already been made, there is no requirement for a further notification, e.g. if first a notification threshold was reached and then exceeded.

For example, if the first notified net short position is 0.30 % on a rounded basis and then that net position increases but remains below 0.4% (e.g. to 0.312% or 0.3989%), no further notification is required.