Now this is what I like to see. Based on this notice, Pendal...

Now this is what I like to see.

Based on this notice, Pendal owned 13,974,020 shares prior to the entitlement offer.

This means they were entitled to 8,469,103 shares in the institutional offer.

However, their interest changed by 10,169,104 shares on 04/09/2018, suggesting that they took up additional shares in the institutional shortfall book build.

In contrast, yesterday's Perpetual notice seems a bit more murky to me (at first scan, I can only see ~1,511,651 shares added on 30/08/2018, 31/08/2018 and 03/09/2018) - what is that with the trades shown in random date order?