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Abstract
Eira Thomas of Stornoway stated: "The Offer Deposit is held in trust to be used as partial consideration for all Ashton shares taken-up under the Offer from all Ashton shareholders. The Offer Deposit was only to be paid to the Rio Tinto Subsidiaries if the Offer was not completed in certain circumstances and no Ashton shares are acquired by Stornoway. This was intended to be an inducement for Stornoway to complete the Offer. To clarify and confirm the original intent of the Offer Deposit, Stornoway and the Rio Tinto Subsidiaries have agreed to make the Offer Deposit available to all Ashton shareholder on a pro rata basis if it becomes payable at all."