Ann: Ceasing to be a substantial holder, page-7

Perfectly normal, perfectly legal, perfectly ethical.

TAG didn’t sell.They never bought.TAG obtained their Relevant Interest of 18.03% by way of letters from 4 Shareholders.Paragraph 3 states “in the absence of a superior proposal”. There is now a superior proposal from HF, so these shareholders will now not support the TAG Proposal.

It looks like TAG are out.Otherwise, they would have upped their bid rather than Cease being a Substantial.Looks like Harvest Lane paid too much for their last purchases. 22c is the price.