The download I received from AGM is Zurich and KCN are on same page and best way to recover their PRI payout US$55m is via restart rather than protracted TAFTA recovery.
As I previously speculated there is no specific schedule of how it would get paid upon restart so it will be negotiated. I suspect this reflects the fact they don't tend to pay out so didn't cover it in detail beforehand. Id expect us to be able to negotiate favourable terms such paying back over LOM (10 years) and low/no interest. Remember we had to sue them to get it despite it being a clear cut case (which I understand they later admitted).. Alternatively we could seek a discount if paid as lump sum or over shorter period.
I'd be inclined to assume up to US$10 m pa could be set aside from FY25. This could all change if IPO gets go ahead.
General discussion, page-2056
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