Renergen General Discussion, page-1656

It could be mate. "...5.72% of the Company’s total issued ordinary share capital..." is circa 7.94m shares (138.8m total SOI (excluding 3m+ options) x 5.72%) especially with the minimal daily trade volumes at asx most of time these years it seemed legit that took them so long to reach that level. I've also been long confused why Shaw has been buying all the time (evident from broker data) yet never a sub-holder notice was issued, now finally.
Below is just one year broker data to date and Shaw's total net trade volume (at asx) is circa 2.8m:

Good news nonetheless i reckon.