Ann: Strategic Review , page-3

There was no choice available to company but step-up.

It seems the company has finally taken a decision to re-structure more aggressively. Sale of U.S. businesses is unfortunate but the company has to sell some of its better businesses in order to generate cash for restructuring and for reducing debt without having to raise capital as such low sp levels. Hopefully the steps being taken are enough until the turnaround is evident, after which re-rating of PPX & PXUPA and income stream from PXUPA is possible.

Overall, I think this announcement underlies positive steps for the future of the business. But more needs to be done!