Ann: Becoming a substantial holder, page-6

13.684% - This is good as the pirates cant reach 90%

Page 14 - Third Supplementary Target’s Statement
"If JBL acquires more than 50%, but less than 90% of HML, and gains effective control of HML, JBL would have control of a voting majority in HML and would be in a position to control the composition of HML’s board."

"If JBL acquires 90 percent or more of the HML Shares and is entitled to proceed to compulsory acquisition of the outstanding HML Shares and elects to do so, JBL intends to amend the constitution of HML and seek to delist HML."