"The Company currently has one substantial shareholder, Mr...

"The Company currently has one substantial shareholder, Mr Geoffrey Lord, who has a relevant interest in 200,368,492 Shares at the date of this Offer Document comprising voting power of 17.4% in the Company. Mr Lord is not a related party of the Company. At the date of this Offer Document, the Company understands that Mr Lord will acquire a relevant interest in 64,166,667 Placement Shares and will enter into a sub-underwriting arrangement with the Underwriter in respect of up to 166,666,667 Shortfall Shares. Mr Lord will not subscribe for Top Up Shares under the Top Up Facility. Mr Lord’s voting power in the Company will increase from 17.4% up to a maximum of 26.97% following completion of the Placement and Offer as a result of Mr Lord’s participating in the Placement, subscribing for New Shares under the Offer assuming he takes up 100% of his Entitlement and subscribes for the full amount of Shortfall Shares in accordance with his subunderwriting commitment. Mr Lord’s voting power will be less than 26.97% if he takes up less than his full Entitlement or he is not called upon by the Underwriter to subscribe for the full amount of his sub-underwriting commitment."

Seems a bit audacious