re: Ann: Change in substantial holding - J.P.... Interestingly,...

re: Ann: Change in substantial holding - J.P.... Interestingly, if you go back to the Annual Report of 2010, J P Morgan Nominees was a holder of 7,052692 shares giving it 1.5% of the issued shares, coming in at number 10. (See Twenty Largest Listed Shareholders p89). I am assuming the Nominees is a shortened reference to JP Morgan Chase & Co and its affiliates.
On the 1st July 2010 JP Morgan became a substantial shareholder having acquired an additional 59,741848 shares (on market) giving it 13.87% of issued shares.Total shares 66,794,540.
And now the recent announcement of the 18,000000 Options giving them 17.57% of issued shares at 84,794540.
Not sure why they'd pick up Options expiring @ 0.30 in October 2011,it doesn't quite make sense.
However either way, they are now the principal shareholder by a long way.
They certainly have a controlling interest.
Angling for more say on the Board?
Perhaps that explains recent changes.

fairport