Would imagine it was pre arranged, Perpetual held approx. 12% going way way back and have been reducing.
Uncertain whether they want completely out or just want to reduce holding.
There are very few other sources of 2.4% of issued capital.
Guess we just wait for the change in substantial notice.
In May they went from 12.32% to 9.85% so now may be down to 7.5%
One can only hope that this remaining 7.5m share block is either held or removed in prearranged crossing too.
Don't want overhang when next rerating occurs
what is going on here ?, page-3
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