Ann: Non binding, conditional and incomplete proposal, page-34

I'm quietly confident the deal will go through. If this was going to go to zero because of this shutdown we wouldn't have seen the directors convert their options. The directors have done a good job turning this around and I feel closing down the stores provides more certainty (ie the outlays are known and it is alot easier to plan the cash burn). The business will still be there when this mess is all over. EG has a good chance to take on the business at this opportune time at a price they probably won't get once we return to normality.