Ann: Addendum to Notice of Meeting and Supplementary Prospectus, page-59

Plus a Taw director will be the new AMAL chair. Do TAW will have majority of board member, chair, managing director, TAW holders receive 1.1 shares, COW spinoff.

So the deal looks good to me. But I also think Mark/Taw have been working with the current AMAL board to clean up things corporately on their side. I think the merge is only proceeding because it's on Tawana's terms and it's of benefit for both AMAL and TAW.

The new company will be bigger and hopefully less likely to be taken over. A point Mark made on Skynews.

At risk of sounding like a fan boy Calderwood does seem to be planning and managing with a high degree of sophistication.

Also the COW board looks good too.