Ann: Final Director's Interest Notice (Stubbs), page-7

It means the shortfall was fully taken up in late October and early November.

In any underwriting arrangement, the Underwriter can cause and procure other parties to take the shortfall, which they often do if there is demand for the stock.

This is what happened with Armour.

If Mather took the stock as Underwriter, there would have been a change in Director's Interest Statement lodged.

Hopefully I have clarified the facts. I do not intend to make any further comment.