LPI 3.64% 26.5¢ lithium power international limited

Ann: Change in substantial holding, page-3

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    “(1) Nature of relevant interest: Holland International Pty Ltd ATF Holland Family Trust has entered into a Master Loan Agreement and Deed of Security in respect of a portion of its holding in Lithium Power International Limited.The loan facility provides Holland International Pty Ltd ATF Holland Family Trust with an ability to borrow against the value of the Lithium Power International Limited shares held as collateral pursuant to the Deed of Security. Voting rights, attributable to the transferred shares, are transferred to the Custodian.”


    looks like he’s using it as security for a loan. i.e those particular shares are locked up now

 
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Currently unlisted public company.

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