statoil, page-9

Thanks for that explanation Dr.

So, as I understand it, an agreement in principle from a PF does not become material until it is a binding contract. Only then are they required to disclose the terms which affect SHs - unless they need prior SHs approval to complete the agreement.

The company in question only needs the approval of the full board who are bound, like MEO, by the confidentiality clause.

Makes sense and another lesson learnt.

Cheers.

#:>))