Club statement

[Returnofrros]

It seems to me the statement says or implies:
1. A shares are not required for tax relief, but 75pc shareholding is.
2. FPS were going for a share issue to achieve that.
3. DFCSS said why not do this instead.
4. FPS agreed that was a simpler route.
5. Negotiations dragged on.
6. Merger has never been discussed or contemplated.
7. DFCSS are responsible for merger scare stories.
How much of that is true?

Agree 12345, undecided 6 and 7.

What dfcss must answer is why did they instigate sale of A Shares?

Or am I reading it wrong.