Profit Announcement, page-3

I wonder if the sell down has anything to do with the recent release of the 'Company Information Sheet' ?????

Clause 14...compliant or non compliant?????..

14. TAKEOVER REGULATION
The takeovers provisions in Chapter 6 of the Australian Corporations Act apply to certain
dealings in the Shares. Those provisions apply to listed companies and unlisted companies
with more than 50 members.
The Australian Corporations Act prohibits a person acquiring a ‘‘relevant interest’’ (basically
power to vote or dispose of the share) in the voting shares in a company incorporated in
Australia to which Chapter 6 of the Australian Corporations Act applies if, as a result, the
‘‘voting power’’ of the acquirer (or any other person) would:
• increase from 20% or below to more than 20%; or
• increase their voting power if that person already holds more than 20% but less than
90% of the voting power in that company.
This is unless an exception applies. These exceptions include acquisitions:
• under a formal takeover offer in which all Shareholders can participate;
• with the approval of the Shareholders given at a general meeting of the Company; and
• in 3% increments every six months (provided that the acquirer has had voting power
of at least 19% in the target company for at least six months).