Ann: Becoming a substantial holder, page-17

Thanks, exactly. As shareholders, our best interest is to receive a counter offer.

Blocking stake may be or not (if pls doesn't budge) in our benefit and if the deal falls through due to the blocking stake, the sp will be in free fall undoubtedly.

There are presumably 3 directions from where we are, 1 being the most favourable for us and 3 being least although this is my opinion and others may have theirs different to mine.

1) Counter bid
2) Current pls deal goes thru
3) Current pls deal falls thru

The blocking stake doesn't promise us 1 even from far away as a bidder will just go ahead and bid and won't worry buy building a stake in lrs. However, blocking stake brings us close to no 3 if it all falls through.