Ann: Appendix 4E - Preliminary Final Report, page-8

Hottod
Thank you very much for your detailed response,
As you have indicated Strides is entitled to repayment of its arbitration costs via discount on payments to POH in the form of upfronts, milestones or royalties, to a maximum value of 5m GBP
To give this statement a clearer perspective :
Based on the calculation of the value of the cash payment [100000GBP is $184K] POH made to Strides as part of the arbitration settlement, 5mGBP equates to discounts of $9.2M.
This number has come as quite a surprise and to my knowledge has never been conveyed to shareholders in local currency.
Kens