Ann: Becoming a substantial holder from OEQ,OEQ-KBC.AX, page-8

I do not have time to research the history now but from my recollection I thought a long time ago Wilson was a significant shareholder of BEL and was trying to maybe wind it up or get control somehow. However his plans failed and he got rid of his stake to someone.

But don't quote me on that it is based off memory.

From here I doubt BEL want to support the restructure without making any noise that is for sure. They may just want to sell for a quick profit to Wilson or Bolton. Otherwise they may wish Wilson gives up and they try to get his stake, or some board control and bleed other shareholders, that is the risk here.

As a KBC shareholder the best you can hope for is Wilson perhaps swallows some pride and actually gives BEL a quick profit by buying their stake out.

It is quite hard to assign probabilities to this now as we are dealing with a lot of egos I suggest.