massive cross trade, page-10

Considering the latest top 20, most likely the previous owner here. My thoughts would be the UBS holding

A 4 million holding is only just over 2% even if UBS picked up some more to make up 4 mill and transfered it to the other UBS account then still the +7mill would be under the 5% so still no substantial holding notice required. correct.

J P MORGAN NOMINEES AUSTRALIA LIMITED 20,508,698 11.428
CLIFFS ASIA PACIFIC IRON ORE PTY LTD 19,462,200 10.845
HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 13,578,396 7.566
CITICORP NOMINEES PTY LIMITED 10,545,445 5.876
JP MORGAN NOMINEES AUSTRALIA LIMITED 5,603,937 3.123
M F CUSTODIANS LTD 5,057,300 2.818
BOND STREET CUSTODIANS LIMITED 4,757,450 2.651
NATIONAL NOMINEES LIMITED 4,171,440 2.324
UBS NOMINEES PTY LTD 3,626,394 2.021
UBS WEALTH MANAGEMENT AUSTRALIA NOMINEES PTY LTD 3,454,398 1.925