The white knight-perfect scenario, page-2

http://www.lynascorp.com/Announcements/2012/Lynas_Funding_and_Project_Updates_FINAL_240112.pdf

7.3 ASIC Class Order [CO 10/322] For so long as any Convertible Bonds are outstanding, the Company must ensure that it is in a position to comply with the requirements of section 708A(12C) of the Corporations Act and ASIC Class Order [CO 10/322] including ensuring that the Shares remain continuously quoted on the ASX without suspension for more than five Trading Days in any 12 month period or otherwise issues a Cleansing Notice or obtains ASIC relief so that Conversion Shares can be immediately on-sold to retail investors following their issue.

7 Further obligations 7.1 Matters requiring Bondholders consent For so long as the Bondholders hold Convertible Bonds, the Company must not, and must procure that any other Group Company or any officer or employee of a Group Company does not take any action in respect of any of the matters referred to in schedule 2 to the Convertible Bond Subscription Agreement, except with the prior written consent of the Bondholders (which, in respect of the matters referred to in paragraph 2 of schedule 2 to the Convertible Bond Subscription Agreement, consent will not be unreasonably withheld or delayed to the extent such delay or withholding is likely to result in a breach of directors duties or law by the Company or its directors).

2.6 Bondholders Majority Any matter under this document which requires the consent of or a decision to be made by the Bondholders (except for a decision to redeem or convert any convertible Bonds) will be deemed to be made where such consent is given or decision is made by the Bondholders Majority.


No comments, except , everything is possible through negotiations and prior consent.

DYOR