Ann: Payment Extension and Appendix 3B x 2 , page-8

To my humble mind,there is an element of window dressing in the deemed price of 12 cents.

Chances are that the broker, BSF or whoever has indicated to them that one/some of the institutional shareholders who intended to cover off the shortfall in option exercise by 30 June may not be very willing to do so given the current volatility/uncertainty in the market.

The above assumes that the initially expected proceeds from option exercise is more than sufficient to pay the acquisition/farm in amount to Sherwin, which is now being postponed.