rear guard action, page-20

There were quite a few shares bought at 43c today....



4.3 Intentions upon acquiring more
than 50 per cent but less than
90 per cent of SGL Shares

AGL will maintain the listing of SGL on the ASX as
long as SGL meets the requirements of the Listing
Rules for maintaining a listing, including there being
a sufficient spread of SGL Shareholders.

Directors
AGL intends, to seek to re-constitute the Board of
Directors of SGL to reflect AGL’s majority ownership of
SGL.



4.4 Intentions if AGL acquires less
than 50.1 per cent of SGL Shares
If AGL acquires less than 50.1 per cent of SGL Shares,
it intends to seek to obtain representation on the SGL
Board which is commensurate with the level of its
shareholding in SGL. AGL may in the future acquire
further SGL Shares subject to the requirements of the
Corporations Act.
4.5 Intentions generally
Subject to the above, AGL intends on the basis of
the facts and information concerning SGL which are
known to it:
to continue t –– he businesses of SGL;
–– not to make any major changes to the businesses
of SGL or to redeploy SGL’s fixed assets; and
–– to continue the employment of SGL’s present
employees.