The way I read the Change in substantial holding document is that Citibank have lent out 4,316,805 BOE shares to various bodies on the 2 May 2025. ASIC rules state that any loan for shorts has to be reported within 3 days of the loan.
Nature of Change of holdings: Citibank N.A., Sydney Branchholds a decreased relevantinterest in these shares pursuantto contracts entered into subjectto an obligation to return under asecurities lending agreement.Refer to Annexure A.
Crazy stuff...
It would be nice if BOE requested and informed shareholders the background paperwork under this clause of the change of substantial holdings form : If requested by the company to whom theprescribed form must be given, or if requestedby ASIC, Citi will give a copy of theauthorisation agreement to the company orASIC.
BOE Price at posting:
$3.54 Sentiment: Buy Disclosure: Held
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