Mr. Pat Creed:

The Indecon report recommended the sale of Harold's Cross. It was the bank's understanding that this is what was going to happen. We had a trigger event on 9 December. The €12.5 million was due for repayment. Obviously we were not in a position to make that repayment. On that date our facilities became on demand. Our banking facilities are currently on demand. The bank needed its money back and the asset had to be sold.