@Steve Wigan whilst I understand your position regarding Robert Earl, surely that can only be explained by a binding agreement between the 3 largest shareholders that they all sell at the same time for the same price?
If that is not the case, then someone could have bought RE's shares for a price that suits him, gone through the fit and proper person test for owners, and negotiated a price with the remaining shareholders.
How many people want to buy a minority position, and would RE sell early for a reduced price if he's expecting a full buyout?