ESR (1821 HK) Chips Away At Pre-Cons

• When the Starwood/Warburg Pincus Consortium announced a firm offer on the 4th December, it was pre-conditional on a raft of regulatory approvals from no less than eight countries/jurisdictions.

• We're half way there, with four approvals now squared away, leaving Australia, China, Hong Kong and New Zealand still to give the go ahead.

• Irrevocables comprising 34.26% of the register (and 57.01% of disinterested shares) are now in the bag. This is a done deal. It's just a question of timing.