The Aim 26 Factsheet on the Velocys web site has been updated and the 3% holdings do not include Norma despite the RIN of 20 Nov. Shareholders owning more than 3% of the Company at 28 November 2018 were as follows: Ervington Investments Limited (22.22%) Lansdowne Partners (21.16%) CQS Directional Opportunities Master Fund Ltd (14.62%) Janus Henderson Group (9.56%) Invesco Asset Management (5.75%) Hargreaves Lansdown Asset Management (4.33%) Jarvis Investment Management (3.48%) In fact they are the same as the 18 September listing below but with increaseded %ages because of the 5 Dec RIN CLNs : Ervington Investments Limited (21.12%) Lansdowne Partners (19.45%) CQS Directional Opportunities Master Fund Ltd (15.37%) Janus Henderson Group (10.04%) Invesco Asset Management (6.05%) Hargreaves Lansdown Asset Management (4.56%) Jarvis Investment Management (3.66%) So all the speculation that RA had increased his holding would seem to be incorrect and indicate that Ervington Investments is operated via the off-shore Norma International Ltd which is based in the Virgin Islands. Or else the VLS web site is wrong. I also note that both Schubert and Pummel remain as Executive Directors (so no big payoff then!!)
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