3. By 21/12/20, contrary to the conditions of this limited...

3. By 21/12/20, contrary to the conditions of this limited recourse loan under the Scheme, the loans were not repaid at either the debt amount or at any realisable value of Lon shares due at that date
4. the above appears to be in direct contravention to the conditions approved by shareholders at the 2017 AGM

SCHEDULE 1 of the 2017 AGM outlines the terms eg
b) interest will apply if loan not repaid by 3 year date
c) loan shares will not be disposed of by the Participant until the Lon is repaid in full to the Comoany
f) loan repayable at the earliest of i) 3 yes from when Lon advanced ii) 90 days after participant leaves company iii) due to death iv) material breach