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"The reasons I ask is following the suggestion above of Huw regaining some face and gifting his 5% to the trust and taking them up above the important 25% barrier."
I've been thinking this for a while. Maybe, just maybe Jenkins & co didn't completely sell out and retained a small percentage for this very reason as security if it all went tits up with the Shermans?
Probably being completely naive, but it would certainly do him some favours in the future if this was the reason.
Its a bit like owning a house with a lodger living in one of the rooms but doesn't want to move out. I want to sell the house but the lodger acts a c*nt every time a potential buyer turns up