Ann: Recommended Takeover Offer for LNGL, page-319

Keep in mind the the board of the company will be overhauled once LNG9 achieves 50% acceptance and the offer is unconditional. All Directors have agreed to resign and no one from the management team is allowed to be reappointed, i.e. GV. At least two members of the reconstituted board cannot be a nominee of the bidder, so that could mean one or more of Richard Beresford, Leeane Bond or Doug Stuert could be reappointed. Alternatively, the bidder may nominate two other Directors, so long as they are not nominees of the Bidder. "Nominee of the Bidder" is not defined in the offer document so is open to interpretation. I guess we'll see...

Refer to section 4.3 of the takeover document.