Ann: Director Recruitment Update and Board Changes, page-7

I hope that's the case Barren, but the cynic in me thinks the opposite might be true re: your points:

1. Directors appointed by the incumbent Board will likely be appointed if inclined to vote with the current Board. They are hardly going to appoint directors who don't agree with their strategy;

2. A high number of open positions may simply be indicative of a high turnover and a business in operational turmoil, which the results of the last 18 months suggest is exactly what it is;

3. Mayfield have shown no capacity to increase occupancy (the opposite is true), so history suggests they are certainly not capable of doing a turnaround at scale. Although we need to see Cargo numbers before knowing if it's a turnaround or independently profitable of other centres not being acquired