Amazing. Phoenix now sold 3.1m and down to 6.3% but no increase...

Amazing. Phoenix now sold 3.1m and down to 6.3% but no increase from any of the other holders.

Hope everyone is complaint with their responsibilities

Notification Obligations

Therefore, under sec. 671B, any shareholder who acquires (alone or with associates)a relevant interest in 5% or more of a company’s shares must disclose that fact bylodging an ASIC Form 603 “Notice of Initial Substantial Shareholder” with theCompany and disallowed. This lodgement requirement also extends to ashareholder making a takeover bid even if the initial holding is below 5%.

Furthermore, for each 1% (or more) change in holding a Form 604 “Notice of Changeof Interests of Substantial Shareholder” must be lodged. And, if the holding fallsbelow 5% a Form 605 “Notice of Ceasing to be a Substantial Shareholder” must belodged.These Forms must be lodged within 2 business days after they become aware of thetransaction or change in % holding and by 9:30am next stock exchange trading dayin a takeover situation.

https://www.companysecretary.com.au/board_briefings/SubstantialShareholders.pdf