"It is standard practice for UK-listed companies to request annual authority at their Annual General Meetings (AGMs) to issue a percentage of their total share capital."
Rinse and repeat... Kalan sells... the price goes up. A war starts .... everything across the board goes down and he claims (a) celestial rear vision and (b) as, usual, talks the share down whenever he can, in his usual mealy-mouthed way.