Announcement shows Merryl Lynch (BOA) has loaned some shares to...

Announcement shows Merryl Lynch (BOA) has loaned some shares to 3 Sydney parties, Matthew Captial partners as trustee for Sabre fund ( Hedge fund), Focus Asset management ( who may also be associated with Matthew Capital Partners). The third party is Susquehanna Pacific.

1) Take a look at Matthew Capital Partners Website ( I had trouble accessing) and associated google list. They are quite succesful but reclusive from what I can gather. I recollect the Sabre Fund also had a major holding in Mel approx 5 years ago but sold after the GFC so they are not strangers to CSG.

2) From the press release my reading is the voting rights for the shares are with the borrower - But the lender may instruct the borrower how to vote. So not certain who has the upper hand. Have not seen this level of detail specifically stated before on a ceasing to be substantial holder notice.

Regards DB