I wanted to check what this was all about so I did some reading. This situation you describe seems to revolve around 4m shares (options?) that Mark Thompson acquired at an earlier point in time (2014?). The shares have to be bought, he probably didn't have the cash, so a loan was granted by the company. The creation of the loan is detailed in this Annual Report from 2015 P48 here:
https://announcements.asx.com.au/asxpdf/20151026/pdf/432dfdxh3khky1.pdf
The event you refer to in 2021 is not the creation of the loan, it's the settlement of the loan.
https://www.listcorp.com/asx/tlg/talga-group/news/change-of-directors-interest-notice-2494670.html
They spell it out black and white: "Mr Thompson has paid A$1.48 million to Talga to complete settlement of a non-recourse loan".
On a hunch I went and looked at the HotCopper thread for this announcement to check the general understanding, and I believe I see you there, acknowledging the situation! https://hotcopper.com.au/threads/ann-change-of-directors-interest-notice.5857496/
What is going on mate.
I wanted to check what this was all about so I did some reading....
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