The $4.4million is only payable under certain conditions which all involve the directors terminating or breaching the conditions of the bid implementation deed. This is standard practise when a takeover bid has gained support of the board.
The $4.4million is obviously not payable if OZL fail to complete the bid due to it not reaching minimum conditions.
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- How many shares do we represent and what do we want?
How many shares do we represent and what do we want?, page-88
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