The offers include proof of funds and are also of a quantum which provides for the satisfaction of key debts at both the parent and 74% subsidiary level (namely ABSA and EDF) in accordance with negotiations that have been ongoing since the new Board was appointed in February 2014. The offers (if accepted and completed) would leave the company with excess cash reserves at its disposal and the ability to pursue new opportunities that have been presented to it. "
Would not this information have been known to the Underwriters?
Did anyone else know that there was another option "
