"who took up the placement" My guess is - J P MORGAN NOMINEES...

"who took up the placement"

My guess is - J P MORGAN NOMINEES AUSTRALIA LIMITED

Lucky number 13 -



If so, clearly they wish to remain behind the (Nominee) curtin, since:

40,044,491 (above) + 109,024,029 (new issue) = 4.7%

Therefore, avoiding the 5% - substantial shareholding disclosure.

Perhaps a question from the floor at the upcoming AGM.

*A nominee shareholder is a person who holds shares in his own name on behalf of another person-the beneficiary-who has the effective ownership and control of the shares. Thus, the nominee is owner in name only. He is the registered legal owner, holding the shares on trust for the beneficiary, who has an equitable interest.

*The 5% substantial holding threshold—after which a person must provide substantial holding notices relating to movements above or below the threshold, and any change of 1% or more.