The majority of shares being released were held (indirectly) by directors David Keane and Geoff Cohen.
Normally I would expect these to continue to be held by existing directors.
However Geoff Cohen died around 6 Dec, 2017. In the final directors interest notice, there were around 18 mil held by his super fund. We could now see these entering the market as his estate is distributed.
I will sit back and watch for a sell off over the next few months.
Ann: Forthcoming release securities subject to mandatory escrow, page-2
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