Mr. Lar Bradshaw:

That is correct and to reiterate, as I have said a couple of times now, that was on the basis that Mr. McNamara had conceded that any bid over €375 million would be at his risk and that the authority's shareholding - this was most unusual and this would not normally happen - would not be diluted. That was a pretty good situation to arrive at for the authority. That is what allowed us say that Mr. McNamara could go higher, because it was at his sole risk as the 76% shareholder and not at the risk of the authority.