Ann: Change in substantial holding from MUFG, page-15

In reality, remediation was never going to happen. The CBI wouldn't have cared less if EML went into bankruptcy. It is a completely independent and dispassionate entity of the government of Ireland. EML went as far as appointing a remediation board, only to find the CBI was consistently dissatisfied with its progress. You need to remember that EML had to go to the High Court of Ireland to offload its Irish subsidiary and cut the CBI monkey from its back. The height of the problem was when Shand was appointed CEO. EML went into a serious decline during her tenure, and so did the share price. I support EML's decision to excise the tumour rather than continuously seek expensive treatments in the hope of assuaging the beast.
There's now light at the end of the tunnel, though some rebuilding needs to be done.
Like the above article says, EML is seen as a risk by the market, but for the savvy investor taking a contrarian point of view, it presents a fantastic opportunity for capital return as it moves to building its core business. That can only happen once Sentenial is sold, and PCSIL has been buried.