I am reliably informed that Leadenhall/Noble/Lebbon is still a substantial holder in Kogi and it's more a case of some entities inside the top 20 holding less shares whilst holdings outside the top 20 have increased significantly. Interestingly, LHL now controls all of the options on issue in Kogi. Kogi is still the Jewell in the Crown out of all their holdings at LHL according to my source.
connect the dots, page-63
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