Ann: SDL: Extension of AGM, page-2

Without dealing with ANS, SDL would not be in Trading suspension and SDL would be debt free this year, and noteholders would become the controlling shareholders. Those holders are reputable companies therefore the ASX will not raise any concerns if major shares of SDL are swapped with notes and those shares (65 per cent) acquired by those noteholders.

 Can SDL board cancel the deal with ANS and enter new deal with other parties who have solid capital structure and financial strength? SDL may need to explore this option and bring back SDL to live. . As a listed company without trading suspension, SDL still has value.

The trading suspension will destroy the value of SDL gradually.

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