Ann: Change in substantial holding from MIN, page-71

NWE are at 40%..
40% will give MIN Control of the Board. No doubt in my mind.

Reason is so many shareholders simply do not vote.

At the last AGM about 2,527m shares were voted - out of total shares on issue of about 6,714m.

So only about 38% of shares were voted. Of those 2,527m shares that voted, MIN had 1,335m shares.

So now MIN has 40% and still climbing - when next time Board members are voted for, MIN can nominate the majority of directors - and their vote will carry the day.

At this rate MIN will get to 50%.

Having said that, IMHO, if you think the MIN bid undervalues NWE, then stay the course, because IF MIN does not get to 90% threshold, then s/h can remain in a listed NWE.
This is pretty much the same situation as is happening over at WGO.