It means they have security over all assets of Big in the event the company goes into voluntary administration/liquidation. They can also appoint a receiver and manager over big. Its a way to cover themselves.
There's provisions in the law regarding registering interest within 6 months of going under regarding the validity of such registration.
Overall, it's a way of securing collateral in the event the agreement is broken.
BIG Price at posting:
$2.22 Sentiment: None Disclosure: Held
