Subject: Re: Annual report
A simple minds simple comment re the AR: Perfectly unchanged design and structure => Spelling a simple "Nothing changes. No worries, the culture is deeply engrained. Rest assured we will continue the way we always did".

But in the media huge disappointment with the numbers (and probably the continuance of the stance towards dividends and buybacks), resulting in -5% today (and me having used the opportunity to sell the majority of my puts. Thank you, media :)