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4.2¢ magnis energy technologies ltd

Ann: Company Secretary, page-4

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34

06/08/24

17:21

Post #: 75096296
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Originally posted by Tekvest: ↑

Mr Glasgow will be immortaised for his commendable performance answering the ASX Investigations Officer's questions:

Information pertaining to Inc which Magnis considered material to the shareholders of Magnis, is, inter alia, only material developments in relation to (i) the refinancing of the secured debt and (ii) Magnis resuming control of Inc and the LiB factory. Cell production and sales performance at Inc is not, of itself, considered to be material to Magnis shareholders, and Magnis has not historically released this information on any regular basis.

No Magnis did not during the course of December 2023 track progress against the Forecast. The board, at the time of the release of the AGM Presentation, had no reason to not believe the representations made to it by Dr Upreti.

Yes, MNS does consider it has adequate oversight, it meets regularly with the Lender Directors and their appointed CAO and can seek information at any time between those meetings.

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What do you expect when it's Frank holding his pen...

MNS Price at posting: 4.2¢ Sentiment: None Disclosure: Not Held
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