Ann: Change in substantial holding, page-12

I agree that there may be legitimate reasons to sell, that's completely his right, although it doesn't look great leading up to a takeover bid.

the problem is that he pretended to be for the shareholders by saying he will rejuvenate the share price, knowing full well his activities had been instrumental in tanking the share price. That shows misguided values and poor judgement.

Combined with the fact that he was already sacked for bad practice and had his medical licence suspended, this guy is too much of a risk for the company. Imagine worst case scenario if he gets in then gets put under investigation for any of the dodgy activities.

Best case scenario is Vitura buys his shares back over a period and he can set up shop somewhere else.