Maybe they were deemed as not legitimate ordinary shares given an employee has been loaned the shares free of charge and had that loan extended, which would have very interesting ramifications for the last lot of voting at the EGM...
OR, our new Chair called in the loan,
OR, Paul decided to take advantage of a higher share price created by a motion to remove himself....
Either way, it should have been disclosed to the market by now as the Managing Director / CEO.
Ann: TNG Change in Corporate Management - CFO, page-133
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