Ann: 2023 Annual Report, page-33

The ASX requires disclosures for any change in 1% holding up or down once you are over 5%. So we will know if Gina is accumulating or disposing.

I would say given her strategically requested 10.01% holding she is here for a while. Ie this 10% holding somewhat restricts any other entity making a take over offer. Ie you need 90% or above. It looks as though she is protecting her position in ARU, for the future. Suggesting, she doesn’t want to miss out on this opportunity.

As a positive for us retail investors: Therefore she has a blocking holding, that’s a form of protection for us against other entities stealing this opportunity.