Hawkswood administrators have a form of caveat on Ady's asetts.
In many cases caveats such as these include a provision that ADY cannot do certain things with the asetts without caveat holders approval.
A split of asetts would probably require caveat approval.
Wonder if ady would tell us if there is such a provision.
If there is you probably will not see RLL until debt is fully paid. end of year
demerger, page-13
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