Ann: Clarification of media reports - WTP Scheme of Arrangement, page-2

The IBC may not benefit financially from the long term incentives, but they do benefit financially from the Besix deal. They retain their jobs until the end of their terms, rather than being turfed out by Besix once they take over the joint.

The only people to benefit from this deal are:
1. Besix, who get control of the company for 5c per share less than the NTA of the company announced in the Interim Financial Report (page 3), on 26th February, 2018 (which was the same day the scheme was announced).
2. The Board who get to keep their jobs (as mentioned previously).