C disposes 9,902,254 shares @ 1.7c
ASX:21/10/22 sub holder notice says C has 17,216,270 shares. 17,216,270/157,211,533(SOI) = 10.95%
C now holds 7,314,016 shares. 17,216,270 - 9,902,254 = 7,314,016. 7,314,016/157,211,533 = 4.65% which is just below 5%(sub holder needs 5%)
Was this done to get 1:1 entitlement @ 1c?