Ann: Change in substantial holding, page-8

Obviously Collins St Value fund, the seller, is what has driven the price down having sold about 20% of their holdings. I would say hedging their bets in case financing deal doesn’t come off, which has sent the price to a record low today.

There’s a bit of nervousness in the market due to price, lack of buying as we await refinancing news.

Only the inner circle really know the probability of the finance deal coming off. If it does come off in the time frame that Dominic has stated
then we will see a decent bounce but I assume Collin St is divesting just in case.