Thats rubbish about being foreign th erule sdont apply to him, this isnt some foreign lorry driver that gets away with everything coz the cops cant be bothered with the paperwork
Foreign or not, if you hold more than 3% of a uK company and sell share to take you thru a reporting %age you must inform the company.
Given that i forced an anouncement out of MOS ydya coz a big holder sold some stock, i doubt people associated with some of these cos pay enuf attention to the share register!