To achieve 75% he will have to purchase an awful lot of shares
so it looks like Stage 3 might be to take-up shares at a huge discount (to the true market value) and obtain a 75%+ holding so that it cannot be outvoted during a to be announced delisting. (Or if delayed long enough allow for the Screenetics owner to take-up their 20 odd % and join together for the delisting vote). I think I will be writing to the 'The Panel on Takeovers and Mergers'. Perhaps others might consider the situation too?
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.