In the 2022 Annual Report, the top 20 shareholders owned 30% of the company.
In this years report, the top 20 now holds 46% of the company.
This is a massive change in terms of the ownership on the register. Very suggestive that the larger institutional shareholders have been accumulating a larger and larger ownership.
FYI all of the institutional ownership (Integra, Regal, Waratah, Blackrock, Brazil banks etc) are hidden behind the various nominee accounts.
2023 report:
2022 report:
Ann: Annual Report to shareholders, page-2
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