Ann: Becoming a substantial holder in ESG by DB G, page-25

re: Ann: Becoming a substantial holder in ESG... Mr Perry,

You posed this, "So DB could use its funds to buy ESG shares for its client (STO) to help STO to get its YES vote up - without a revised offer."

First and foremost, STO cannot vote. Nor related parties.

SO if DB has bought shares FOR Santos per se, to increase the holding overall well and good, but they are not entitled a vote.

However, I imagine it's a minefield of interpretation as to who owns what once the likes of DB start buying. I view THEM in the same light as ESG ......shady.

Lilac