Ann: Appendix 4C December 2016, page-108

I emailed Glyn yesterday asking if he was able to share more information about this part of the shareholder update:

"Specification development for the possible licensing by P&G of a second technology platform, as announced at the Company's AGM in October. The potential commercialisation of the new technology is a major disruptive approach to the beauty and grooming market. It is a complex process and the development and testing program must be carefully designed to support the product implementation and the consequent change in consumer behaviour in utilising the new technology. This is a very exciting and potentially game changing development, with both parties meeting at P&G's Cincinnati base during the quarter to progress the scope and testing program."


He replied wth the following points:
- "I would love to give you and the others some guidance ..."
- "...but we are have been working on this with our partner for over a year..."
- "...confidentiality is absolutely paramount until we get a deal done.
- " So all will be revealed once agreements have been executed..."


The upbeat in his tone is certainly increasing. I think yesterday's shareholder update is a stop gap for material announcements that will happen any day now.