Ann: Change in substantial holding from IFL, page-34

Your absolutely correct.

also, we have to realise now, that by IFL Sseliing some shares, they've technically made a loss in MBE in this financial year. I'm not sure if this would give them any tax advantages for 2013/14 but they now have a lower paverage price moving forward. Actually, that does make sense.... They can write that loss off against future gains in MBE to which they have a lower average price. Win win for IFL customers.