Ann: Annual Report 2020, page-2

Key messages from the 2020 Annual Report:

. Top ranking shareholder at August 12 was Buttonwood Nominees with 5.39%. Buttonwood is controlled by MQG/Macquarie Group.

. Second ranking shareholder at August 12 was Celtic Capital with 5.09%. Celtic is controlled by shrewd Perth deal-maker and sometime POW corporate advisor, Jason Peterson.

The dilemma with the Annual Report Top 20 list is that it's already obsolete. Since it's dated August 12, the T20 doesn't identify major buyers/sellers in this week's market action.

I suspect there'll be at least one Substantial Shareholder notification next week, possibly on Tuesday.