danny,a) If a deal has not been reached and is still in progress...

danny,

a) If a deal has not been reached and is still in progress it wouldn't be illegal to continue to trade.

b) If a deal has been reached and it's favourable it would still be trading (as it is) as the deadline to advise the market and actually rollover the debt is Monday 15th December.

c) If a deal has not been reached due to being rejected by the lending syndicate, then we would already know otherwise, yes it would be illegal.

So by inference it must be either a) or b).

I'm going for b).