1031 - It refers to who's running the show now - who in conjunction with others has defacto ownership and beneficial interest in excess of 20% of the share capital.
Its not new owners its IG demanding and seeking immediate disclosure and transparency behind the issue of Cnotes to who and to any group in concert.
Who's behind it and the effect - ie we'll convert and we have 207m extra votes - but in the process they may shot themselves in the foot.
IMHO - ASIC need to sit down and thoroughly investigate this whole show.
Now that the Twiggy saga is behind them its time they did some real beneficial constructive work for the Mum's and Dad's of the sharemarket - And GGP would in my humble opinion be a great place to start.
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