Ann: Appendix 4D and Half Year Accounts, page-26

SKIN IN THE GAME!

Just had a look at the latest Top 10 shareholders, and as expected, Sud is sitting there at No.2.

In fact, ALL IHL directors are now sitting in the Top 11 and the company secretary, Glenn Fowles, is also in there - great to see!

No.2 - Sud Agarwal 20,000,000
No.4 - Alistair Blake 15,685,841 (was on the BOD now Chief Technical Officer)
No.7 - Glenn Fowles (Bagbo.) 13,914,916
No.9 - Peter Widdows 12,282,456
No.10 Joel Latham 11,995,795
No.11 - Troy Valentine (Alignment Capital) 11,194,248 (as at y.e. 30/6/2019)

I found out that Glenn is Bagbo from this Appendix 3Y from his time as director of Contango


Most of these guys also have plenty of options as well.

LOTS of skin in the game is VERY reassuring and not one of these guys has sold a single share since at least 30/6/2019 and in fact a few have increased their holdings.