I can understand HIL putting out an announcement regarding this....

I can understand HIL putting out an announcement regarding this.

Try to put the skids on some how!!

Given their circumstances who else believes it is a poorly worded announcement??

It reads,

"Hills receives a guaranteed "minimum" annual license fee; and  the license being for a minimum period of seven years.

The recent announcement by Woolworths that it will pursue an orderly prospective sale or wind-up of its Masters and Home Timber & Hardware businesses will not impact the obligations of Woolworths under our agreement."

If HIL receive a guaranteed "minimum" this means the annual licence fee may fluctuate.
They then go on to say "will not impact the obligations"

That is a complete contradiction in terms? If the terms are variable (minimum indicates this) it has to impact on Woolies obligations.

I think i understand the intent of the announcement, however the grammar for a publicly listed company is terrible. Time to show some leadership HIL!!!

Comments??

Cheers