avx recent selling

Some news from Alam Boyd regarding recent selling

Much of the selling has been undertaken from the smaller holdings to the point where we now have over 5,000 nil holdings. We endeavour to assist our larger shareholders with the disposal of their holding should they wish to do so in order to hold up the share price but sometimes this is beyond our influence. In addition to smaller holders, most of the recent sell down activity has been through nominee holdings and our larger shareholders have maintained their holdings.

This is all disappointing and I can assure you we are all working very hard to reach value creating milestones that will assist with the recovery of the share price.