"The EFF however provides the Board with the financial flexibility to accelerate the development of current technologies and/or acquire new technology opportunities. "
but it's never been stated in an RNS that the EFF is solely for that purpose.
Again, to be fair to RedPrince, there might have been something said in a webinar about the purpose of the EFF ( from memory, I think there was ? ) but that's water under the bridge now and, in terms of believing what you read / hear, I'd take an RNS over a webinar comment any day and, for sure, the demerger document trumps any webinar talk.
Have been changed following the renewal - they have obviously foreseen the potential for needing it for day to day expenses following the reduction in our cash position.previouisly it only allowed for use for expansion.
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