I dont think that is what he is doing, but the reason directors...

I dont think that is what he is doing, but the reason directors need to declare all holdings is to prevent such a thing potentially happening.

By having the holdings in names other then his own it means he does not have to declare changes in holdings which would be required if they were listed as indirect holdings.

Whether he actually does have an indirect holding still in those shares still I doubt he would but at the end of the day he was previously married to Claudine Maynard and is still transferring Directors Rights to her after the fact and he was an ex-owner and director of 1620 (which Claudine still holds a significant stake in or did as of the last update I could find)

This is just another flag to me but exactly why I am so interested in the T20 whereas in other stocks I hold, I only generally give them a cursory inspection to see if there are names i recognise.

JB doesnt have a great record despite what some on here would say (see KAB, CTR, CCC etc) so worthwhile keeping an eye on them.