if by 'holding them to qualify' you mean qualify for the drp then the answer is no, he is way too late.
A shareholder needed to be the registered owner of the shareholding at the close of books which was on the 2nd of May.
The dividend will be paid on the 13th June. (ie next week)
Re substantial shareholder notice, there are specific percentages of shareholding that would require a notice - off the top of my head I couldn't tell you whether this is enough but I'm guessing it would be especially if an existing major shareholder is involved.
Having said that some substantial shareholder notices just seem to take forever to be lodged - sometimes months - even though the rules say it should be much faster....
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