Ann: Binding Transaction Implementation Deed with SQM, page-334

The TO is subject to a number of preconditions, so you should read the legal agreement to understand it.

One of it is that no other party other than SQM builds up a stake of 19pc or more. Gina is going to get there tomorrow.

You should know the regret LTR holders have for not selling to Gina when they had a chance at $3 and now they could buy at $1.70 or probably even lower in coming days with the weak market, below the $1.80 in the SPP offer. LT holders cannot see the merit of selling and buying back at cheaper price because they are fixated at the worth of the company.