Usually we are fully divested from companies which are materially involved in armaments, gambling, tobacco, new generation nuclear power production and fossil fuel extraction. However, in June 2018 Informa merged with UBM and, as a result, acquired a small number of arms exhibitions. Any involvement in armaments is unacceptable to us and we have ben engaging with two of our fund managers who have a holding in the company to seek a resolution to this issue.