Ann: Demerger of European Businesses, page-83

Why does it need to be a larger exchange exactly? It can be the same size, or smaller surely. If, for example, it listed on the NZX - people would be able to buy and sell shares and get on with their lives.

I'm not proposing NZX or suggesting it would even be an option they're looking at. I'm using it as a random example of a smallerexchange that would be better than the situation we're in now. At this stage, any liquid, robust exchange would surely be fine from a shareholder trading perspective - to ensure access to capital for the company and to give shareholders their ability to trade back.