If this is true that would be great. Does anyone have any further info? I can see there is an article on the Courier Mail's website behind a paywall, if someone had access maybe it has some details on how that is proceeding but I assume it's a general piece on what they are trying to achieve which has been conveyed to us in official announcements recently.
My point from above I think still stands, normally when substantial holders sell, you don't know when they have finished because they aren't required to update once below 5% so usually you would estimate based on volumes or maybe a large block trade can signal the end (and this is assuming they do sell completely, maybe they don't).
Here we can see the exact date the selling stopped because Regal/Nominee accounts got to 0 (due to Taurus' holding being on the same notice keeping the combined above the 5% threshold). Now it's been catching a bid most days for a couple of weeks (combined with a significant source of selling pressure no longer existing) the price has been reacting.
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