13. Additonal Information: If by 8 May 2010, Nippon Uranium Resources (Australia) Proprietary Limited holds or has an unconditional right to acquire more than 13.2 per cent. of the entire issued share capital of the Issuer but less than 15 per cent. the number of ordinary shares granted to Nippon Uranium Resources (Australia) Proprietary Limited pursuant to the exercise of the option referred to in item 8(B)(i) above shall be reduced to such number that the shareholding of Nippon Uranium Resources (Australia) Proprietary Limited in the Issuer shall not be more than 15 per cent. at the date of exercise of the option.
So I would take that to mean Itochu/Nippon will still only have a maximum stake of 15% in KAH (~6% of EXT) once the options are exercised?
Regards
Steve
EXT Price at posting:
$7.80 Sentiment: LT Buy Disclosure: Held
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