Ann: Change in substantial holding from MIN, page-44

the cgt is a really critical factor.

For a retail holder, if you‘ve doubled your money from 100k to 200k, and they don’t reach the 80% limit, then you will be forced to pay 50k in tax. If they reach 80% you will be free to hold if you want without any tax due immediately.

for anyone that wants to stay on as a min shareholder (some big nwe shareholders including ce etc), the 80% threshold is critical, otherwise a tax event occurs and they will have a significant tax bill due. If they reach 80% the tax liability is kicked down the road as long as you want.