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AGM Questions, page-60

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    The underwiter DJs had sub underwiters for more than the full amount. I was a sub underwriter.

    As I mentioned before relisting is that the terms of the deal changed significantly from when the sub underwriters committed. Firstly we were told by DJs that we would likely get 50% of what we asked for. So, sub underwriters probably doubled there underwriting commitment to get what they wanted.

    Then the deal changed and the equity component increased significantly and the debt component decreased.

    Thus the sub underwriters ended up with 80% of their commitment which is a lot more than they may have wanted.

    Anyway, I understand that there is good insto buying currently.

    Cheers
 
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