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Ann: Change of Director's Interest Notice, page-6

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    1. a strategic move really, temporarily boosted pivac’a position at the time when BKW was buying up to 20%,
    2. dilution at the time for 2c carried by business capital but later doubled for companies profit,
    3. assume this is to CRH, as Pivacs made zero profit, so it has to be a gesture of close partnership, maybe Liebherr.
    4. No dilution for current day, as shares already on issue, and boosted company’s NAV.
 
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