ARA Asset Management

[AQ.]

They could just do a placement to Warburg AVIC and get the money within a week, or that's what the tech companies used to tell me is the advantage of being listed. Up to the AGM authorised amount of course.

This question was somewhat asked - some bloke asked why not stay listed with Warbug AVIC in the game.

The question was not how fast you can get the money - it is the approvals and EGMs and the length of time needed versus the speed at which an acquisition window closes.

Overall I think the whole rights issue just showed JL that staying listed is wrong esp with having to answer to multiple parties.