Ann: CSR demerger proposal, equity raising and ha, page-5

re: Ann: CSR demerger proposal, equity raisin... B'build not at $1.66, at a clearing price to be determined (likely to be a smallish discount to the market price on the day).

Are you suggesting retail can put in various bids at $1.66, $1.67 etc? And such bids to be determined several business days before the bookbuild itself?

Personally I reckon the offer structure proposed is quite fair - not perfect but pretty good.