HSydney
See S708 notice issued 29/7/14 for change of Jenks Holding notice.
This was NOT the sale of shares but a change caused by the placement issue that jenks did not participate in.
Thus Shares on Issue went Up so Jenks percentaghe holding went down thus requiring a notice.
Anyhow also in this notice was the BreakUp of Jenks Holding between Indirect and Direct with Indirect being 24mil 8% in Barclays Nominees and 1.7mil .56% being in Simply Stockbrokers and 8.9mil 3% held in Jenks personal giving a total 11.63% Substantial Holding.
Now Barclay's Nominees is not listed in the Top 20 currently out so it is 'assumed' they are a sub holder within CitiCorp. From memory I think I saw in some earlier 3B change notices by Jenks that he used CitiCorp by name as holding co but could be wrong.
Nevertheless there is no reason whatsoever to get the shakes over whether Jenks is selling 'on the qt'.
He is NOT as Chairman/Director he MUST advise ANY change in Holding one share more or less requires a notice.
However I wouldn't make too big a deal of him not Selling either as some endorsement of an investment.
Alan Jenks is the leading shareholder but could be the leading lemming over the cliff,too
Jaded Outsider
TON Price at posting:
38.0¢ Sentiment: None Disclosure: Not Held
