Ann: Ceasing to be a substantial holder, page-11

His holdings broadly match the nominee accounts on the top 20 and no shares were sold as per their substantial notice. In fact his position increased by an extra 4m shares as someone rightly pointed out.

This is consistent with what we have seen (exception of legacy investors now long gone) from many large investors and holders (as well as many on this thread) on BCT. Investors are "averaging up" cause the business case is getting stronger, valuation is pretty attractive and the upside is increasing.

Just gotta give time for management to keep delivering on their strategy as every announcement being made is fundamentally improving the business in a concrete and measurable way.