How many shares do we represent and what do we want?, page-90

The 4.4m is essentially a fine is the directors do anything to jeopardise the T/O offer as set out in clause 12 of the bidders statement.

For my reading they don’t pay if OZL don’t make 50.1%. The only reason if actions by directors cause the 50.1% to not be achieved

I did find it interesting that the T/O offer has several clauses around the fact directors can not undertake assistance with due diligence etc for any other company.