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2,622 Posts.
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24/01/13
12:38
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From what I calculated, they only sold 188,000 shares from this announcement. And most of those were less than $500 parcels....:)
The reason why they aren't a major shareholder is that they didn't participate in the recent 64Million issue, that went to Genesis Capital.
Since Och Ziff's holdings before the recent issue of shares was just above 5%, which is the ASX minimum to be listed as a major shareholder.
The recent issue of shares to Genesis means Och Ziff's percentage fell just below the 5%.
Hence this announcement.
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