PENTANET LIMITED — Major Shareholding Notification 2021

Feb 4, 2021

THORNEY TECHNOLOGIES LTD ABN: 66 096 782 188

CROSS RELEASE ASX: 5GG

5 February 2021

BY ASX ONLINE - 5 pages

Manager Company Announcements ASX Limited Level 10 20 Bond Street SYDNEY NSW 2000

Dear Sir/Madam,

Notice of initial substantial holder Credit Clear Limited[ASX:5GG]

Following is a Form 603 Notice of initial substantial holder dated 5 February 2021 in accordance with section 671B of the Corporations Act 2001 .

Yours sincerely,

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CRAIG SMITH ACIS, CPA Secretary

Level 39, 55 Collins Street, Melbourne Vic 3000 Telephone + 61 3 9921 7116 Facsimile + 61 3 9921 7100

Form 603

Corporations Act 2001
Section 671B

Notice of initial substantial holder

To: company name/scheme PENTANET LIMITED ACN: 617 506 279

1. Details of substantial holder

1. Details of substantial holder
Name	Thorney Technologies Ltdand each of the entities listed in the attached Annexure ‘A’ to this notice.
ACN (if applicable)	096 782 188

The holder became a substantial holder on

29-Jan-21

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest in on the date the substantial holder became of substantial holder are as follows:

Class of Securities	Number of securities	Person’s votes	Voting power
Ordinary shares	14,314,105	14,314,105	5.44%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

	Holder of relevant interest	Nature of relevant interest	Number and class of securities
	Thorney Technologies Ltd	Beneficial owner of voting shares	5,738,462 ordinary shares
	Associates:
	Thorney Investment Group	Beneficial owner of voting shares	3,200,000 ordinary shares
		Deemed relevant interest in shares held by Thorney Technologies Ltd by virtue of section 608(3)(b) of the Corporations Act 2001	5,738,462 ordinary shares
	Jasforce Pty Ltd	Beneficial owner of voting shares	2,467,950 ordinary shares
	Urban Land Nominees Pty Ltd	Beneficial owner of voting shares	2,907,693 ordinary shares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder	Number and class of securities
Thorney Technologies Ltd	HSBC Custody Nominees (Australia) Ltd	Thorney Technologies Ltd	1,200,000 ordinary shares
Thorney Technologies Ltd	Zero Nominees Pty Ltd	Thorney Technologies Ltd	4,538,462 ordinary shares
Thorney Investment Group	HSBC Custody Nominees (Australia) Ltd	Thorney Technologies Ltd	1,200,000 ordinary shares
	Zero Nominees Pty Ltd	Thorney Technologies Ltd	4,538,462 ordinary shares
	UBS Nominees Pty Ltd	TIGA Trading Pty Ltd	3,200,000 ordinary shares
Jasforce Pty Ltd	Jasforce Pty Ltd	Jasforce Pty Ltd	200,000 ordinary shares
Jasforce Pty Ltd	Zero Nominees Pty Ltd	Jasforce Pty Ltd	2,267,950 ordinary shares
Urban Land Nominees Pty Ltd	Urban Land Nominees Pty Ltd	Urban Land Nominees Pty Ltd	200,000 ordinary shares
Urban Land Nominees Pty Ltd	Zero Nominees Pty Ltd	Urban Land Nominees Pty Ltd	2,707,693 ordinary shares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Cash consideration	Number and class of securities
Jasforce Pty Ltd	10-Dec-20	$Nil	294,872 ordinary shares
Urban Land Nominees Py Ltd		$Nil	307,693 ordinary shares
TIGA Trading Pty Ltd	29-Jan-21	$Nil	3,200,000 ordinary shares
Thorney Technologies Ltd		$0.25 per share	1,200,000 ordinary shares
Jasforce Pty Ltd		$Nil	276,000 ordinary shares
Jasforce Pty Ltd		$Nil	88,462 ordinary shares
Jasforce Pty Ltd		$Nil	608,616 ordinary shares
Jasforce Pty Ltd		$Nil	200,000 ordinary shares
Urban Land Nominees Pty Ltd		$Nil	288,000 ordinary shares
Urban Land Nominees Pty Ltd		$Nil	92,308 ordinary shares
Urban Land Nominees Pty Ltd		$Nil	635,077 ordinary shares
Urban Land Nominees Pty Ltd		$Nil	200,000 ordinary shares

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name	Nature of association
Refer associated entities details in Annexure A	Under the_Corporations Act 2001_the entities listed in Annexure A are deemed associates of Thorney Technologies Ltd in relation to the investment in Pentanet Limited.

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Thorney Technologies Ltd	Level 39, 55 Collins Street, Melbourne 3000
Associated entities	Refer Annexure ‘A’

Signature Print name CRAIG SMITH Capacity SECRETARY Sign here Date 5 February 2021

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ANNEXURE ‘A’

This is Annexure A referred to in the Form 603 Notice of initial substantial holder signed by me and dated 5 February 2021.

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.........................................

CRAIG SMITH Secretary

ASSOCIATED ENTITIES DETAILS

	Entity	Address
	Thorney Investment Group
	Jamahjo Pty Ltd, ACN 117 488 696	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
	Thistle Custodians Pty Ltd, ACN 078 027 193	Level 39, 55 Collins Street, Melbourne 3000
	Thistle Holdings Pty Ltd, ACN 075 051 464	Level 39, 55 Collins Street, Melbourne 3000
	Thorney Alpha Pty Ltd, ACN 162 820 537	Level 39, 55 Collins Street, Melbourne 3000
	Thorney Beta Pty Ltd, ACN 162 828 677	Level 39, 55 Collins Street, Melbourne 3000
	Thorney Holdings Pty Ltd, ACN 006 262 835	Level 39, 55 Collins Street, Melbourne 3000
	Thorney International Pty Ltd, ACN 132 886 698	Level 39, 55 Collins Street, Melbourne 3000
	Thorney Investment Group Australia Pty Ltd, ACN 117 488 892	Level 39, 55 Collins Street, Melbourne 3000
	Thorney Management Services Pty Ltd, ACN 164 880 148	Level 39, 55 Collins Street, Melbourne 3000
	Thorney Omega Pty Ltd, ACN 163 964 636	Level 39, 55 Collins Street, Melbourne 3000
	Tiga Property Pty Ltd, ACN 117 811 453	Level 39, 55 Collins Street, Melbourne 3000
	Tiga (Ballarat) Pty Ltd, ACN 117 812 030	Level 39, 55 Collins Street, Melbourne 3000
	Tiga Finance Pty Ltd, ACN 118 521 412	Level 39, 55 Collins Street, Melbourne 3000
	Tiga (Hawthorn) Pty Ltd, ACN 126 952 663	Level 39, 55 Collins Street, Melbourne 3000
	Tiga Tails Pty Ltd, ACN 080 534 416	Level 39, 55 Collins Street, Melbourne 3000
	Tiga Trading Pty Ltd, ACN 118 961 210	Level 39, 55 Collins Street, Melbourne 3000
	Jasforce Pty Ltd, ACN 007 167 713	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121
	Urban Land Nominees Pty Ltd, ACN 004 753 066	c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121