Clause 20 of the PDS says that it is a PaperlinX Breach of...

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    Clause 20 of the PDS says that it is a PaperlinX Breach of Undertakings Event to "issue any preference share which ranks for payment of a dividend or for a return of capital in a winding up ahead of the PaperlinX Prefernce Shares".

    Doubtless there is some slimy way around that.
 
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