Capital Structure

Regarding the capital structure the company forgets the undrawn RCF. For simplicity we had used the gross Cash, but if we use the Net Cash €342m (net of €170m of  overdraft as per company statement)  and to this amount add the undrawn RCF €198m, the total liquidity would actually be a little higher, €540m.

Proposed Alternative Timetable

We have called for an EGM on October,15th. We hope the Board urgently complies with its fiduciary duty to ensure that the potential shareholder decision can be executed without any undue delay and costs.