From the JR placement announcement awhile back
"At the conclusion of the Placement, J&R Optimum will have a 19.9% shareholding in Altura. Under the terms of the Agreement J&R Optimum will be entitled to appoint a director to the Altura board, provided that their relevant interest in Altura shares does not reduce below 15 per cent. J&R Optimum will advise Altura in due course of their intended nominee to the Board of Directors of the Company. "
Ann: Corporate Update, page-90
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