As per previous posts - M&G have fulfilled their reporting...

As per previous posts - M&G have fulfilled their reporting obligations in terms of substantial shareholder notices, and once they drop below 5% they no longer are required to report their holdings.

To re-iterate, M&G are a global fund manager, and they will have multiple lawyers/internal compliance managers to ensure that they are not in breach of any disclosure requirements. if M&G have sold - they have sold. Pointless to speculate otherwise.

M&G could sell to below 5% and then start to buy, but then they would declare once they breached the 5% threshold.

Conversely if a shareholder or group of related shareholders were to go though the 5% level, they have 3 working days to report, then they have to report any subsequent +/- 1% change.

As this has not happened (with the exception of China Oceanwide), one can only assume that the shares sold by M&G have been widely distributed to a number of shareholders who do not breach the 5% threshold either individually or as related parties

Also, as this information (top20 shareholders) can be deemed to be price sensitive, if CDU was to release to one shareholder, they would have to release to all (release to the market) - you will just have to wait until the Annual Report comes out, or CDU make some level of disclosure.