Insiders may stand to receive substantial financial benefits not available to ordinary shareholders.
The proposed transactions may contain terms that could limit superior competing offers.
kA 4=2DDlQAC?E24QmkDEC@?8mk6>m$92C69@=56CD 2C6 6?4@FC2865 E@ 4@?E24E E96 7:C> E@ 5:D4FDD E96:C C:89ED 2?5 @AE:@?D 2E ?@ 4@DE @C @3=:82E:@?] (6 H@F=5 92?5=6 2?J >2EE6C @? 2 4@?E:?86?E 766 32D:D[ H96C63J J@F H@F=5 ?@E 36 C6DA@?D:3=6 7@C @FE\@7\A@4<6E A2J>6?E @7 @FC =682= 766D @C 6IA6?D6D]k^6>mk^DEC@?8mk^Am
kAmkDA2? 4=2DDlQ=686?5$A2?r=2DDQm}t( *~#zk^DA2?m[ kDA2? 4=2DDlQ=686?5$A2?r=2DDQm~4E] a_[ a_aek^DA2?m ^!#}6HDH:C6^ \\ w2=A6C $2569 {{r[ 2? :?G6DE@C C:89ED =2H 7:C>[ :D :?G6DE:82E:?8 E96 7@==@H:?8 4@>A2?:6D 7@C A@E6?E:2= G:@=2E:@?D @7 E96 7656C2= D64FC:E:6D =2HD 2?5^@C 3C62496D @7 7:5F4:2CJ 5FE:6D E@ D92C69@=56CD C6=2E:?8 E@ik^Am
k5:G 4=2DDlQ!#}0x>365565pDD6E#676C6?46Q :5lQs:GpDD6E!=246w@=56C`QmkAmk:>8 DC4lQ9EEADi^^>>I]AC?6HDH:C6]4@>^>65:2^|$`bfehd`^w2=A6C\$2569];A8n:5l~pb_b_fgcQ E:E=6lQW!#}6HD7@E@^w2=A6C $2569 {{!XQ 2=ElQW!#}6HD7@E@^w2=A6C $2569 {{!XQ ^mk^Amk^5:Gm
kAmkDEC@?8mkDA2? DEJ=6lQE6IE\564@C2E:@?i F?56C=:?6Qmv@!C@[ x?4] W}p$sp"i v!#~XVDk^DA2?mk^DEC@?8m D2=6 E@ $E2C>2? ~AE:42=[ x?4] 7@C S`]`c A6C D92C6[ DF3;64E E@ A@E6?E:2= 25;FDE>6?E 32D65 @? v@!C@VD ?6E H@C<:?8 42A:E2= 2E 4=@D:?8] kDEC@?8mx7 J@F 2C6 2 v@!C@ D92C69@=56C[k^DEC@?8m k2 9C67lQ9EEADi^^6586]AC?6HDH:C6]4@>^4^=:?<^nEl_U2>Aj=l6?U2>Aj@lcg_agbe\`U2>Aj9ldaedghfbcU2>AjFl9EEADTbpTauTau92=A6CD2569]4@>Tau24E:@?DTau8@AC@\:?4U2>Aj2l4=:4<Z96C6ZE@Z=62C?Z>@C6Z23@FEZJ@FCZ=682=ZC:89EDZ2?5Z@AE:@?DQ E2C86ElQ03=2?<Q C6=lQ?@7@==@HQmkDEC@?8m4=:4< 96C6 E@ =62C? >@C6 23@FE J@FC =682= C:89ED 2?5 @AE:@?Dk^DEC@?8mk^2m]k^Am
kAmkDEC@?8mkDA2? DEJ=6lQE6IE\564@C2E:@?i F?56C=:?6Qmq@H>2? r@?DF=E:?8 vC@FA {E5] W}p$sp"i q(|}XVDk^DA2?mk^DEC@?8m D2=6 E@ q6C?92C5 r2A:E2= !2CE?6CD 7@C Scb]__ :? 42D9 A6C D92C6] kDEC@?8mx7 J@F 2C6 2 q@H>2? D92C69@=56C[k^DEC@?8m k2 9C67lQ9EEADi^^6586]AC?6HDH:C6]4@>^4^=:?<^nEl_U2>Aj=l6?U2>Aj@lcg_agbe\`U2>Aj9ladbfedbfa_U2>AjFl9EEADTbpTauTau92=A6CD2569]4@>Tau24E:@?DTau3@H>2?\4@?DF=E:?8\8C@FA\=E5U2>Aj2l4=:4<Z96C6ZE@Z=62C?Z>@C6Z23@FEZJ@FCZC:89EDZ2?5Z@AE:@?DQ E2C86ElQ03=2?<Q C6=lQ?@7@==@HQmkDEC@?8m4=:4< 96C6 E@ =62C? >@C6 23@FE J@FC C:89ED 2?5 @AE:@?Dk^DEC@?8mk^2mkDEC@?8m]k^DEC@?8mk^Am
kAmkDEC@?8mkDA2? DEJ=6lQE6IE\564@C2E:@?i F?56C=:?6Qms@F3=6'6C:7J w@=5:?8D[ x?4] W}*$ti s'XVDk^DA2?mk^DEC@?8m D2=6 E@ }:6=D6? w@=5:?8D 7@C S`b]e_ A6C D92C6 :? 42D9] kDEC@?8mx7 J@F 2C6 2 s@F3=6'6C:7J D92C69@=56C[k^DEC@?8m k2 9C67lQ9EEADi^^6586]AC?6HDH:C6]4@>^4^=:?<^nEl_U2>Aj=l6?U2>Aj@lcg_agbe\`U2>Aj9lba_eaaffcdU2>AjFl9EEADTbpTauTau92=A6CD2569]4@>Tau24E:@?DTau5@F3=6G6C:7J\9@=5:?8D\:?4U2>Aj2l4=:4<Z96C6ZE@Z=62C?Z>@C6Z23@FEZJ@FCZ=682=ZC:89EDZ2?5Z@AE:@?DQ E2C86ElQ03=2?<Q C6=lQ?@7@==@HQmkDEC@?8m4=:4< 96C6 E@ =62C? >@C6 23@FE J@FC =682= C:89ED 2?5 @AE:@?Dk^DEC@?8mk^2m]k^Am
kAm~? 3692=7 @7 D92C69@=56CD[ w2=A6C $2569 {{r >2J D66< :?4C62D65 4@?D:56C2E:@?[ 255:E:@?2= 5:D4=@DFC6D 2?5 :?7@C>2E:@?[ @C @E96C C6=:67 2?5 36?67:ED]k^Am
kAmw2=A6C $2569 {{r C6AC6D6?ED :?G6DE@CD 2== @G6C E96 H@C=5 H9@ 92G6 72==6? G:4E:> E@ D64FC:E:6D kDA2?m7C2F5k^DA2?m 2?5 4@CA@C2E6 >:D4@?5F4E] ~FC 2EE@C?6JD 92G6 366? :?DECF>6?E2= :? :>A=6>6?E:?8 4@CA@C2E6 C67@C>D 2?5 C64@G6C:?8 >:==:@?D @7 5@==2CD @? 3692=7 @7 567C2F565 :?G6DE@CD]k^Am
kAmpEE@C?6J p5G6CE:D:?8] !C:@C C6DF=ED 5@ ?@E 8F2C2?E66 2 D:>:=2C @FE4@>6]k^Am
kAmr@?E24E x?7@C>2E:@?ik^Am
kAmw2=A6C $2569 {{rk^Am
kAms2?:6= $2569[ tDB]k^Am
kAm+2492CJ w2=A6C[ tDB]k^Am
kAm~?6 (@C=5 %C256 r6?E6Ck^Am
kAmgdE9 u=@@Ck^Am
kAm}6H *@C<[ }* `___fk^Am
kAmWa`aX feb\__e_k^Am
kAmk2 9C67lQ>2:=E@iD2569o92=A6CD2569]4@>Q E2C86ElQ03=2?<Q C6=lQ?@7@==@HQmD2569o92=A6CD2569]4@>k^2mk^Am
kAmk2 9C67lQ>2:=E@iK92=A6Co92=A6CD2569]4@>Q E2C86ElQ03=2?<Q C6=lQ?@7@==@HQmK92=A6Co92=A6CD2569]4@>k^2mk^Am
kAmk2 9C67lQ9EEADi^^6586]AC?6HDH:C6]4@>^4^=:?<^nEl_U2>Aj=l6?U2>Aj@lcg_agbe\`U2>Aj9lebd`achcgU2>AjFl9EEADTbpTauTauHHH]92=A6CD2569]4@>TauU2>Aj2l9EEADTbpTauTauHHH]92=A6CD2569]4@>Q E2C86ElQ03=2?<Q C6=lQ?@7@==@HQm9EEADi^^HHH]92=A6CD2569]4@>k^2mk^Am
kA :5lQ!&#{Qmk:>8 E:E=6lQr:D:@?Q H:5E9lQ`aQ 96:89ElQ`aQ 2=ElQr:D:@?Q DC4lQ9EEADi^^6586]AC?6HDH:C6]4@>^4^:>8^72G:4@?]A?8nD?l}*ffb_gU2>AjD5la_ae\`_\a_Q ^m ':6H @C:8:?2= 4@?E6?E E@ 5@H?=@25 >F=E:>65:2ik2 :5lQ!#}&#{Q C6=lQ?@7@==@HQ 9C67lQ9EEADi^^HHH]AC?6HDH:C6]4@>^?6HD\C6=62D6D^2C6\8AC@\3H>?\5G\@3E2:?:?8\72:C\562=D\7@C\E96:C\D92C69@=56CD\b_ah`cfbf]9E>=Q E2C86ElQ03=2?<Qm9EEADi^^HHH]AC?6HDH:C6]4@>^?6HD\C6=62D6D^2C6\8AC@\3H>?\5G\@3E2:?:?8\72:C\562=D\7@C\E96:C\D92C69@=56CD\b_ah`cfbf]9E>=k^2mk^Am
kAm$~&#rt w2=A6C $2569 {{!k^Am
kAmk:>8 2=ElQQ DC4lQ9EEADi^^CE]AC?6HDH:C6]4@>^CE]8:7n}6HDxE6>x5l}*ffb_gU2>Aj%C2?D>:DD:@?0x5la_ae`_a_a``e!#0}t($0&$!#00000}*ffb_gU2>Ajs2E6x5la_ae`_a_Q DEJ=6lQ3@C56Ci_AIj H:5E9i`AIj 96:89Ei`AIjQ ^mk^Am
