"It expects to reach its first customer agreement in the near future."
How much clearer could it be? In other words, the Directors believe that the inclusion of such information would be UNLIKELY to result in unreasonable prejudice.
In legal terms "unreasonable prejudice" can arise from any information that may be persuasive because of its strongly misleading or confusing nature.
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Ann: Appendix 4E and Annual Report, page-28
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