Ann: Trading Halt, page-402

PAC Investor Briefing today at midday.

The summary is pretty self-explanatory;

• IVZ is very disappointed in the SP post-discovery announcement. The comment was made that they believe games are being played with the SP
• IVZ defended the publicity of the discovery. They seem to think the news has been covered globally.
• 2:1 options were queried and called too generous. The response was it's an unfortunate time of the year to raise capital.
• Question asked about bank funding. As expected, bank funding takes time, not available yet.
• PPSA is progressing quickly post-discovery announcement. They expect it to be signed in early January

More talk about fast-tracking the next phase, they need money to keep it moving forward, the value of the basin etc etc. You've all heard it before in the fireside chats.