Ann: Withdrawal of s249D notice and notice of EGM cancellation, page-2

When I saw that Regal had sold down below the 5% mark in the recent substantial Shareholder notice, I was thinking, how is that the legal basis for the request for an EGM had been and continued to be satisfied.
The share price collapsing recently indicates that others in the market thought something like this might happen.
It looks like LVT management has won a reprieve. Now can they deliver to an extent that engenders market confidence in the future?
Or will LVT continue to over promise (expectations) and under deliver.