Re Finch2 comments - think you will find HLG has no shareholding at all in NLG. Its Tom Hedley that owns the NLG shares, not the listed HLG entity. My read on it is that HLG exposure if NLG goes under would be potential non-receipt of rent. I note HLG advised the market on 26 May that "All leases due from NLG have been paid" - slide 2 of their Broker Presentation.