Ann: PSI: Acquisition of Ensurance Limited (ENA), page-4

A terrific outcome for shareholders!

I love the structure of the deal;

A) If PSI falls, the difference is paid out in cash (so that no matter what we get the equivalent of 28c/ENA share).

B) If the PSI share price moves higher, the value of the deal effectively moves higher too, so the final 'value' of the deal could be more than 28c/ENA share.

Well done to management and congratulations to all shareholders!