I'll accept that you are right, they seem to have stated that they are making no share based payments. But I still can't work out how his initial holding is 5 million shares while in the latest annual report he has only 2.8 million shares.
4. Largest Twenty Shareholders Holder Name 9 RIGI INVESTMENTS PTY LIMITED Balance of Shares Held - 2,800,000 Percentage of Total Shares- 1.69%
Ann: 2017 Annual Report, page-9
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