re: director sells (kiril) Hi Troskolo,
The impact is probably a bit more problematic than this.
Out of the shares sold by Tawaf, 4.0m of them were sold back before the Top20 for 2002 was finalised.
The Top 20 was published on 21/10, but was accurate to 25/9. At that time, the NTG share price was still above $1.00. Back in late 2001, it was around $0.65 -80c, and peaked in mid-2002 @ above $1.60.
So, most of the 4.0m shares would have been sold for somewhere between $0.60 and $1.60, but assume an average of $1.00.
As for the AHGT shareholding, I have checked this further, and it seems to be a jointly held interest of both HAKIM and TAWAF.
With ~121m shares on issue, ~57.7% of shares are now held by 5 major players, with 2 reducicng (TAWAF and CBA) and 1 buying (FRAID).
Overall:
1)
AHGT (jointly attributable to HAKIM and to TAWAF), accounts for 2.44m shares (unchanged), or 2%;
2)
HAKIM accounts for ~30%, plus AHGT's 2%;
3)
FRAID now accounts for 14.1%;
4)
TAWAF now accounts for ~6%, plus AHGT's 2%; and
5)
CBA now accounts for 5.6% (after filing tonight, that they had further sold down their shareholding in NTG from 8,041,165 shares (ie: 6.62%), to 6,791,165 (or 5.59%).
Conversely, Danewell today announced that it had further increased its shareholding in NGT:
1)
previously:
15,580,711 shares, or 12.85%; and
2)
now:
17,086,711 shares, or 14.10%.
NTG
national telecoms group limited
