Ann: Ceasing to be a substantial holder-JCS.AX, page-4

@Flats - you are a gee up.

This bloke retired years ago.

From an announcement on 27th November 2014:

Retirement of Mr John Bond

Mr John Bond has notified the Company that due to personal reasons and commitments, he no longer wishes to seek re-election as a Director of the Company. Consequently the resolution to approve the re-election of Mr Bond as a Director of the Company (Resolution 1) is withdrawn from the agenda of the Company’s Annual General Meeting to be held later today. Mr Bond will therefore retire as director, effective as of the close of the Company’s Annual General Meeting on 27 November 2014.

A huge positive that even with a significant shareholder selling the price has held up.