Ann: Fifth Supplementary Target's Statement, page-38

1. Yes if you accept the offer now you are locked in at $1.35. the TOV was previous acceptances i believe?
2. assuming T2 get to 90% you will be paid a minimum of $1.35 (order per the TOV) if the compulsory takeover happens before the 31st December, if the takeover is after this date then there is no minimum value that needs to be paid.

We know what T2 intentions are.

If a compulsory takeover occurs then ASIC need to appoint an independent expert to determine if the offer is Fair. If a minimum of 10% of the remaining share holders object to the T2 offer then we have the right to go to court (T2) to determine if it is fair or not. If it is not fair then the acquisition will not take place

If this fails then they will push to de-list - if they de list then you wont have any liquidity in your shares, however i assume you will still have the right to dividend payments. Also on the other side of things is what happens when the Taurus funds expires in a max of 3 years- do they sell the company? in which case our interests align

the issue is when they get 90% of the shares and at least 75% (by number) - then they do not have to include an independent report however shareholders have statutory rights to challenge the compulsory acquisition but would be required to establish to the satisfaction of a court that the terms of the offer made under the compulsory acquisition notice do not represent FAIR VALUE.