Mr. John Collison:

I suppose that was driven by the board's decision, and this is documented in the board's minutes.

It wanted a focused, time-bound and confidential process. That translated into a discreet, bespoke process but one that was tightly managed and transacted within a short timeframe. We were all acutely aware of the confidentiality and the political sensitivities around this at the time. That was what influenced how the process evolved. We then engaged and retained Lazard to advise us in that regard. It was very satisfied to work with, and stand over, the process. That meant there was a restricted number of bidders but these were credible bidders invited into the process who could transact at the scale or level we are talking about and as quickly as we were seeking. That was the rationale for, and the background, to it.