Here is a little clarification issue for you to sort out for me NT
I am presuming that the Perich boys own 100% of Arrovest pty Ltd. The disclosure doc tells us that Arrovest owns more than 20% of Freedom Foods.(FF)
On this basis FF owns 17.831% of ATM therefore Arrovest effectively owns at least 3.56% of ATM plus the recent purchase of 6.9 mil shares (at A$0.47) representing a direct 1.318% of ATM. Therefore effectively Arrovest own at least 4.88% of ATM.
I am assuming that because Arrovest has over a 20% interest in a company that has over a 5% interest in a NZ listed security that FF has to be pulled into the equation. I don't see that FF has effectively increased its stake?
Do you have any insights into this?