Mr. Gabriel Makhlouf:

We have shared a lot of the analysis already, including at this committee in the last half hour. However, I am quite happy to share it again. Fundamentally, as Mr. Cross explained a minute ago, as far as the transfer of approvals is concerned, we looked at what the prospectus says and what the EU regulations say, we thought about what other obligations we may have and in the end we concluded there was no legal basis for us to refuse the transfer.