Ann: Change in substantial holding, page-4

At CGA launch , Taylor Collison and its Senior Directors had approx 7 percent disclosed in Top 20, and Switzer related parties had one and a half per cent disclosed. Some gratis in exchange for advice pre launch. With the new issue, perhaps a combined total of at least 7.5 per cent?

With Management and Staff holding over 20 percent; and Rankin plus NAOS combined over 26 percent, these 4 groups total over 53 per cent of the register. And without counting any other related parties to these 4 groups, both on and off the top 20 shareholders.

Always a cozy little club? Becoming more so?