An escrow in a cyprus EU based company doesn't matter anyway really, whats waiting 12 months? Its another juristiction.... is Cyprus going to cancel the perf shares?
The point abour the escrow not being offered is that its another indication this is about one thing only, the demerger is an escape pod for the performance shares.
And if this isn't the main intention behind the demerger, well it is certainly the main outcome. Specifics on listing on another exchange isn't provided. So its not that reason.