Am i the only one who reads it like this?I see the purchase of...

Am i the only one who reads it like this?

I see the purchase of the 70% in IAC being the trigger for D&C to claim breech of aggrement. Therefore this is a trigger & not what they want reversed.

"Strike has been informed by D&C Group that the substantive matter of its claim relates to
Strike’s acquisition in February 2007 of a 70% interest in IAC pursuant to the IAC
Transaction. D&C Group’s allegation appears to be that such acquisition was CONTRARY TO
the terms of the AF Shareholders Agreement."


They are actually trying to stop the options that were just taken up. Being 38% direct interest in AF.

"In relation to this matter, it has come to Strike’s attention from D&C Group S.A.C. (a
shareholder of AF) (D&C Group) that it is taking STEPS TO SUSPEND, by means of a ‘judicial
precautionary measure’ the effects of the AF Shareholders Agreement as to Strike´s
RIGHT TO EXCERCISE THE OPTIONS."

Therefore if they were successful in having the options taken up reversed for breach of agrrement.

Srk would go back to 12.5% direct & 17.15% indirect = 29.65% in AF.

This is less than half of the current 68.15%

This doesn't take into account SRK's denial.

Wish we could bold or highlight stuff. Is there any way to do this?