We know two banks took over all the shares ML AND ANZ. (not just melewar's if there were more)
ML became a substancial holder when they became owners. They sold 15,346,749 on the 2/4 in basically two parcels. (as per asx ann' yesterday)
Perhaps ANZ sold the third lot. These were obtained from others not GBG's main share holder. ANZ didn't become a major share holder because perhaps they new of the dispute with the majority of the shares and only became owners of a small parcel (not melewar's). It does ask questions though how come ANZ claim they had handed over shares to 3 stockbrokers including ML the stock broker? (not the bank) ANZ the bank would have become a substancial holder to be able to pass on all the shares to stockbrokers I would think.
If ML sold Melewar's on behalf of ANZ why did they become an owner of the shares? If they were selling the shares on behalf of ANZ they would not become the owner and they would be just the stock broker!
GBG Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
