say yes to all, page-22

Kev you asked - so who benefits from low sp. Lion shareholders????

Basically Lion in their Bid Implementation Agreement (BIA) have stated they want all the issued and outstanding shares in SBL. So basically they want it as cheaply as possible.

Right now the board and some large shareholders have agreed to put up for sale 19.9% of their share of the company - but they haven't actually sold yet, they've just agreed to sell by a certain point in time.

In the interim Lion are trying to mop up what they can.