Mr. Séamus Mac Eochaidh:

No, we went back to the board in September. We were faced with a situation where other companies not in the original nine had come along. One very large multinational company had come along and stated, "We can do a great job here. We will take this off your hands." We had certain discussions with it and outlined what the process would be. We explained that it would be a formal process and that the company would have to go through it. It stated it was not interested in the process and that it did not do things that way. It stated we would have to sell the company for what it was prepared to pay and promised great things. I have no doubt that it could deliver great things as it is a very well known company, but we said we could not do it that way and that it had to be done in a transparent manner. That company and other similar companies had approached us and made certain statements on what they could and could not do. At that stage we were faced with a decision, because of the other interests involved, as to whether we would collapse the process and start again or continue with it and go to the next ranked company. We discussed this with the board in September 2012. It decided that we would ask Arramara Teoranta to prepare a corporate plan and if that plan showed that it could achieve what we wanted it to achieve from its own resources and ability, we could consider abandoning the sale. Arramara Teoranta embarked on that process and by January 2013 wrote to me to state it did not have the resources, be they financial, scientific or technological, to do what we wanted to be done. Therefore, we engaged with Acadian SeaPlants Limited and in March 2013 the board approved the sale of the Údarás shares to that company.