Originally posted by 82Punter
Substantial holder is someone who has a
BENEFICIAL interest in at least 5% of the shares in the company. Therefore, any shares held by another entity for the benefit of the substantial holder are required to be disclosed in the notice. MGI could have a portion of the shares issued to them for the sale of AK to the Queen, the Pope and you, and all of those shares would still form part of their beneficial interest as they'd be held on trust for MGI.
So we should be receiving the following in the next 2-3 days then:
Activities and Cashflow reports
New Sub Notice for MGI
New Director Notices
Hopefully we also recieve a standalone update on Adini Kanga and the other projects as the quarterlies will generally only cover up to the month prior.