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.
AVB Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held