Altech Director’s Stake Surges Post-Issue

Altech Chemicals Limited (AU:ATC) has released an update.

Altech Batteries Ltd has reported a significant change in the interest of Director Tunku Yaacob Khyra as detailed in an ASX filing. Tunku Yaacob Khyra, through indirect interests in Melewar Equities (BVI) Limited and MAA Group Berhad, increased his holdings by 124,999,700 fully paid ordinary shares and acquired 62,499,851 new options exercisable at $0.06, following an acceptance of an entitlement issue and underwritten shortfall. This transaction has substantially increased his total indirect shareholdings to 209,034,225 with an added 62,499,851 options, while maintaining 4,000,000 direct performance rights.

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