AJL 0.00% 1.1¢ aj lucas group limited

Ann: 31 December 2020 Results Media Release, page-26

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    Yeah. I am wondering about that too. But the rule is substantial shareholders must be 5% or more. However, even Mr Fudge, the second highest major holder, only holds 4.7% so if he sold out, the company is still not required to declare cease to be substantial. The only substantial shareholder by ASX definition and requirement is Kerogen.
 
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