First Cape - shareholding changes

Was just looking at some numbers on holding changes

Using the data from the Annual Report Aug 15 - Top 20 , the Top 20 at end of Dec as well as the broker data supplied by @stotes.

A couple of things - FC dropped from 119m odd shares in Aug 15 to 97m at end of Dec 2015

This was more than a 1% change on total related party holdings yet no change of sub notice was released

From 13.95% holding in Aug 15 down to 10.516%

So they either didn't release the notice they should have or they shifted over 20m shares into related accounts outside the Top 20 - If so why?

There has been no change of sub notice since rights which means FC's selling must happening at the same time the loaned shares are coming into their total holding?

To the broker data date Stotes recorded the MS , CLSA and HSBC accounts had sold $3.6m at an average price of 6.6 cents

Looks like a big please explain to me - And they had a long time to know the acquisition was going ahead as well


Shareholders deserve better explanation then what has been given