Yeah just reading that? Is that what it means he's borrowed $10,000,000.00 and used his lynas shares as collateral??? I 1st read it and thought he had bought into Lynas and got all excited!!!
Detail of contract
Nicholas Curtis
has
entered into a loan facility
with
Credit Suisse
AG
(“
Facility
”).
Nature of interest
The Facility is secured over
up to 10,000,000
ordinary
shares
in Lynas
.
The Facility is not a
margin loan and therefore there are no margin calls.
nic curtis takes out loan with lyc shares as c, page-2
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