Recoup of development capital in SA1 and VIC1 already covered by...

Recoup of development capital in SA1 and VIC1 already covered by Palisade in the deal. So can't be this.

Page 1, dot2:

Subject to completion of final due diligence required for each project’s Final InvestmentDecision, Palisade Impact will fund 100% of the project costs (including DEL’s developmentcosts) to deliver Delorean’s SA1 and VIC1 bioenergy projects, with a right of first offer tofund a further three DEL bioenergy projects.

Then Page 2,

Finalisation of project and transaction agreements and satisfaction of relevant conditions precedents

will deliver the following outcomes:

• Delorean will receive an upfront cash payment representing DEL’s investments in developing

the SA1 and VIC1 bioenergy projects to each respective financial close.


So, all devex historical and forward looking to get projects to fid/,ntp is covered in the funding announcement.

Hamish told us nothing new to this regard.

however Hamish did say the ROFO wad on similar terms to the first 2 projects. That is a new data point.