Ann: Trading Halt , page-58

I'm sort of trying to get across a few threads here - but, who said it's a share placement to sophisticated investors as opposed to a rights issue for all holders ? Seems to be without that knowledge all arguments seem to be irrelevant till Mon. morning.

As I've mentioned already I hope it's a renouncable rights issue to all holders, although these sometimes occur with a placement at a higher sp (to the rights issue) to sophisticated investors. In any case I think the outcome will be good.

The worst case scenario will be a placement under the 15% rule - that would be destabilising.