Ann: DVP: DVP & ESS Transformational Transaction, page-78

If there was another interested bidder then they probably would try to accumulate shares on the market first. This is another scheme arrangement. As we all know after Min’s efforts , only need 19% or so to block a scheme arrangement. As Min also showed, it’s not hard to accumulate a decent shareholding when a scheme arrangement is in play. Just need to offer near the perceived value price and people will dump thinking they can’t get much better anyway. GLTAHs