Ann: Reinstatement to Quotation, page-24

I think you might be misunderstanding.

Because the auditor wasn’t formally appointed, and various different tranches of shares were issued since the AGM (all of which were declared by the company via the usual cleansing notes), then they just need to ratify that these are all valid, to tick a box. It doesn’t really matter who received or sold the shares issued - they were all done via correct due process - but the appendix shows how many of each were sold for reference (because if they weren’t validated, that causes all sorts of issues - how do you ‘claw back’ shares that have been issued and subsequently sold? You can’t just cancel them because the new owner has paid for them!).

There’s plenty of things to criticise about this company, but I don’t think this is really anything.