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13. Why are we only getting this information now?

Information in relation to the proposed restructuring and alternatives was price sensitive information that could not be shared by the Company.  Disclosing that information whilst negotiations were underway could have prejudiced any proposed restructuring.  Throughout the period of negotiations, XEL's directors liaised closely with Liberum Capital Limited (as XEL's Nominated Adviser and Broker) in relation to the Company's disclosure obligations.

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Published : Monday, November 28, 2016 5:52 PM UTC