Ann: Change in substantial holding, page-13

From a substantial shareholder notice from another company.

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Nature of relevant interest: Direct Holding

In the case of the notice re GRR shares:

Nature of relevant interest: Right to dispose.

Why wouldn't the notice describe it as a direct holding, as opposed to a right to dispose.

From this disclosure, my interpretation is that PI interest in the shares is a right to dispose and not a direct holding. Its a right to dispose, I assume it's with a third party, who would have the direct holding.

It maybe lawyer speak saying the same thing, however, I just wish they would make it very clear and all parties disclose on time and in full. No ambiguity.