Ann: Change of Director's Interest Notice- Mi, page-7

re: Ann: Change of Director's Interest No... Graham,

Firsova is possibly thinking of the following statement that was made in a PPX release on 26 June 2012. Statement refers to possibilities rather than intent.


“PAPERLINX SPS UPDATE
PaperlinX’s capital structure has been a central issue in the Strategic Review. PaperlinX confirms that on the 30 June 2012 Remarketing Date, the PPX SPS will Step-Up and the Step-Up Margin (BBSW + 4.65%) will apply. No distribution will be paid on 30 June 2012.5
The Directors will review whether the additional liquidity provided by the asset sales may enable a limited buy-back of the SPS at a future time. The availability of funds for this purpose is not expected to be substantial and a further ASX release would precede any on-market buy back.”


(PS Firsova, I think you left a zero off the numbers in your post. Somebody bought 24593 units for a 227k spend and 2.459m reduction in potential liabilities if PPX had bought them.)