on the sale of its remaining 10% interest in HKCo,KCS will be issued the remaining 8,925,000 shares due to it in accordance with the terms of the investment agreement,the shareholder approvals obtained at the special meeting of the company held on 12 February 2015 and the ASX waiver obtained at the time of the company's ipo . however , at the time of completion of the transfer. the company will not issue any shares to kcs that may result in kcs breaching the existing company shareholder approval under the new zealand takeovers code that allows kcs to hold up to a maximum of 52.17% of the company's issued share capital being the maximum threshold previously disclosed to shareholders.