This is an interesting find. To take the analysis a step...

This is an interesting find. To take the analysis a step further.

https://www.gov.uk/government/news/people-with-significant-control-psc-who-controls-your-company

"A PSC must meet one or more of the following conditions of control. Most PSCs are likely to be people who hold:
* more than 25% of shares in the company
* more than 25% of voting rights in the company
* the right to appoint or remove the majority of the board of directors

If your PSC holds more than 25% of shares, they’re likely to hold the same amount of voting rights."

So from wholly owned to less than 25% of the shares? Do they own any of it anymore? I ask because there was more than one buyer.

From the notice of the new PSC.

https://find-and-update.company-information.service.gov.uk/company/10002662/filing-history/MzI4MDI5NDQ3M2FkaXF6a2N4/document?format=pdf&download=0



So Nikogiannis Karantzis of Cyprus owns more than 25% but less than 50%. If ISX still owns some part of this entity then there are 2 more buyers at minimum in order for no one but Nikogiannis Karantzis to be listed as a PSC. I wonder if ISX has sold it in total. Regardless of how much they own, it's odd that they sold this entity less that four weeks after announcing they own 100% and making no mention that a sale was in progress.