Ann: Results of Meeting, page-2

Surprisingly the extra 10% placement facility didn't achieve the required 75% approval.

Obviously funding will now require more debt and less share issuance - perhaps making an incoming cornerstone much smaller. It likely means a larger rights issue to current s/holders.

Surely Traxys, will fill the whole 15% allowable share placement. I cannot see shorters getting their grubby paws on a single share (unlike the 15 cent placement using TC's a couple of years ago) as there won't be a public placement.

Unless I'm missing something - which well I might be - the shorters will have to buy back on market over the next few months. Or is there something I've overlooked. Always happy to be corrected.

(Gosh that lingerie video ad is distracting).