MFG 2.54% $9.98 magellan financial group limited

Ann: Resignation of Director from MFG Board - Hamish Douglass, page-29

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    A substantial holder must provide notice if they cease to have a substantial holding (5%) or if there is a movement of at least 1% in their holding.
    Hamish currently has a 12.19% holding in MFG so movements will need to be declared.
    He also has a holding in MGF(closed fund) of 4.11% which is below the substantial holding threshold.

    Who knows what his intentions are, but now he has resigned he can dispose of his holdings any time he chooses.


 
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