9861472 new shares. looking for a home?

Likely another thing holding the market back today was the uncertainty over the intentions of the sophs who took the remainder of the 11c placement - and it seems to have been dependant on completion of the UK deal.

It remains to be seen whether they are in for the long haul, or merely to make a quick buck - CVI style. But possible tie in to the UK deal completion might be a good sign.

IMO KEY should release an updated TOP20 report to the market after these have been allocated.