Ann: Nearmap Chairman webinar script, page-5

The waffling from Peter James has cleared about with the "outline of the acquisition process", essentially TB sent an offer of valuation at a time when the SP was ~$1.15 AUD. PeterJames is pretty much blaming ASX shareholders for poorly valuing the company and hencewhy the sale process proceeded. Great question about the executive team post-acquisition, answer: essentially the management incentives will be outlined in the scheme booklet. Another good question regarding the limitation of being listed on the ASX, answer: limits in obtaining talented staff and capital raises will be too weak to provide enough money for potential consolidation.