BRN 2.22% 22.0¢ brainchip holdings ltd

SOL became a substantial shareholder today ., page-43

  1. 71 Posts.
    lightbulb Created with Sketch. 14
    god theres a bunch of dim wits here. again see below.


    1. Solium Nominees/Capital, upon a quick google is obviously not ASX: SOL or Soul Pattinson It is a nominee account owned by Morgan Stanley.


    2. Upon a similarly quick Annual Report check - you can see that the shares are actually just employee stock.The BrainChip Long Term Incentive Plan Trust was established on 2 August 2018 and SoliumNominees (Australia) Pty Limited was appointed as the Plan Trustee. On 9 October 2018, 10,000,000 shares were issued to the Trust at no value in the name of the Trustee to be held for the conversion of vested options, performance rights and restricted stock units of the LTIP.


    3. The other misleading thing about this thread is that even if these were Soul Pattinson shares, 0.5% of a company is no where near "substantial".

 
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