"A successful reoffer is >25% acceptance. The reoffer may have different terms than the existing offer and may include a step up at the end of FORESTS2 for the accepting shareholders. The people who do not accept the reoffer will be subject to the existing terms and if there is no exchange prior to 14/10/08, they will receive the extra 2.5% margin. If 50% of holders accept the reoffer, they will receive the terms set out in the reoffer (will not receive the 2.5%). The 50% who did not accept the reoffer would receive the 2.5% if there was no exchange prior to 14/10/08."
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