Ann: COVID-19 Business and Dividend Update, page-3

Whilst a little disappointed with the dividend cut, its possibly only temporary and will be paid latter. Conserving cash at this time is smart and is far better than having to raise cash like Cochlear COH did last week. ( ie ($850 million).
Except for the Tshipi mine being closed in South Africa for 3 weeks, its still production as usual although possibly at a reduced output. Thankfully OM Sarawak and Bootu Creek are still operating.
What is interesting to note is that the 3 major shareholders are buying shares. Its an unbelievable amount and its worth tallying up.

Substantial shareholder announcements in the last few weeks.
https://www.asx.com.au/asxpdf/20200325/pdf/44gdb2gsqmb8fp.pdf
https://www.asx.com.au/asxpdf/20200323/pdf/44g9slm44n75kk.pdf
https://www.asx.com.au/asxpdf/20200313/pdf/44g1sr810w9lxp.pdf
https://www.asx.com.au/asxpdf/20200303/pdf/44fqmmvlcz257x.pdf


Top 4 shareholders for the Annual Report 4th April 2019



Recently Marc Chan purchased 7,834,541 shares on the market
Recently Huang Gang purchased 7,357,051 shares and then another 7,000,000 shares.
Recently the CEO/Chairman Low Ngee Tong purchased another 254,803 shares. During the past 12 months the CEO/Chairman has purchased 972,131 shares.

Note, No4 top shareholder is Mr Low Ngee Tong's wife Heng Siow Kwee.


No 1. ) During the past 12 months Huang Guang has purchased 14,357,051 shares, total being 103,618,803 shares or 14.03%.

No 2.) During the 12 months Marc Chan has purchased 19,706,100 shares, total being 100,260,653 or 13.57%

No 3.) With Mr Low's recent share purchase it puts their combined shareholding at 134,062,400 shares or 18.15%.

These Top shareholders now control 45.75% of OM Holdings