Ann: CEO & Managing Director Appointment & Executive Team Changes, page-3

Sitting on the fence on this. Allan Gray has been increasing their holdings every month and now holds 15% from 5%. SCA Group Holdings BV holds 36% and Marathon Asset Management holds 9%. MAM could be selling to Allan Gray but so far there is no announcement.

If I am not wrong, their downfall was due to pulp prices going up. Takla did not throw in the towel during this time and if you are acting, you normally do not carry much weight. I think pulp prices is still the deciding factor. And of course what is their strategic plan to be announced.