Add to the below list ANZ who become a substantial shareholder on 30/8/02
The problem with CLO has always been the large controling inerest held by the CLough Family which has made istitutions reluctant to to a bigger interest in the company. This is of particular concern due to the absence of a succession plan within the company and in relation to the family interest.
The other problem with Clough is the location of some of their major contracts in places like Indonesia and Pakistan. Contracts in these countries like this have worked well for CLO in the past and even though they have had some problem contracts the contracts have always lead to further work. Due to recent events there is likely to be problems in this area in the short term at least.
NAME CAPITAL (%) SHARES HELD
Lowmond Pty Ltd 51.78 213,905,338 J P Morgan Nominees Aust Ltd 7.53 31,115,285 Citicorp Nominees Pty Ltd 7.20 29,759,519 Clough Petrosea Pty Ltd in its capacity as trustee of the Clough Share Purchase Plan 2.34 9,655,714 McRae Investments Pty Ltd 2.03 8,365,388 National Nominees Ltd 1.74 7,192,280 AMP Life Limited 1.63 6,753,365 Commonwealth Custodial Services Ltd 0.74 3,070,457 Cogent Nominees Pty Ltd 0.64 2,659,964 Argo Investments Ltd 0.53 2,186,787 B E & J Hewitt Family A/C 0.51 2,101,291 Gerald Harvey 0.47 1,930,240 Plan B Trustees Ltd 0.46 1,885,000 Richard Malcolm Reid 0.31 1,260,919 Geoffrey John Smith 0.27 1,125,000 Robert John Jewkes 0.26 1,078,009 Timothy Richard Humphry 0.23 967,776 Equity Trustees Ltd 0.17 700,000 Anthony Quinlan 0.16 666,600 Westpac Custodian Nominees 0.16 645,085
TOTAL 79.17 327,024,017
CLO Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held