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Apologies Sparkle1
Apologies, I missed a filing. Albert Bridge have transferred the stake they controlled to the original fund investors. I can't see this getting a bump now. 14th January for the vote, 14-21 days later we get our money.
Compare these two announcements and note dates
https://www.investegate.co.uk/article.aspx?id=202012291347110369K
https://www.investegate.co.uk/article.aspx?id=202101041506404908K
ABC no longer control any voting rights. Zero.
If they are a partner in the deal, it will have to be disclosed.
Sorry if I am missing something, but where does it say that ABC have sold it (they haven't)
sold out .wish i had not now ..
the point is that they have not sold for cash. They have made that clear.
Following a change in personal circumstances ive taken my 34p and ran. Planned on holding to the end and love to say it’s been a pleasure but it wasn’t in the end was it. Luckily I made a good profit, good luck to all with firmer minerals. Hope it pays off. GLA
If they pay 40p to one shareholder they will have to pay to all. I think it is unlikely to be honest. Think 35p is cheap but don't see enough dissenting voices.
In a backroom deal to Bidco to get the agreement over the line, and that's what the press will say very soon.
After all why would ABC sell for anything less than 35p to anyone else when 35p was on the table from Bidco.
If it helps anyone, this is my read of the situation piecing it together without knowing: ABC have done a non-cash deal - presumably with the PE's buying this presumably for a sum greater than 35p (given their losses) and as they were managing pension funds etc then they are no longer responsible for the IMA (Investment Management Agreement) of their clients. Perhaps they now are a partner in the buyout / have shares in the buyout or whatever - however they have cut a deal so IMHO, this deal will now go through at 35p. The only possibility that it would not was ABC objection - the purchaser has clearly cut a deal. They probably saw that if it did not go through, it would go bust. The debt ladled on it by PE was too great especially in current market. Thus, people have two options: sell now for less than 35p or sell for 35p. That seems to me, to be the bottom line.
Glad to hear some people have heard from HL. I still have not heard. Bit of a disgrace given the RNS said the AA posted the scheme document and voting forms to all shareholders on 17 December 2020.
It’s a no from me, voted this morning on HL.
Agreed. This is done and dusted at 35p now. Fully expect vote to go through on the 14th. Should all be paid up before Easter.
Yes it looks like they have sold out but to who? if it's davidson Kemp then they have already pledged to sell the lot to the bidder for 35p but if it's to someone else who might want to fight on, who knows?
Spoke too soon. Looking like it's game over now. Can't see a higher offer now. Shame
T630, we should find out tomorrow where the 19 % has gone. Would be nice if it has gone to Cleveland. We shall know soon enough
Now that is the question,
Like many I am still holding. If we vote yes then we will get 35p no problem but if we vote NO and they don't get 75% in favour then we stand a chance of a higer bid to get the deal across the line if the bidder still wants AA, Now that might only be a slight increase to 40p but it would be more than the 35p.
Every one has to make their own mind up !!!!!
U nless I am not understanding the recent rns ,ABC no longer have 19.47per cent share holding. Who could be the new holder ?
T
That's your choice Stewball. Surprised no one has commented on ABC selling out. Where has that 19% gone? Could be an interesting few days of RNS's coming out
I have just received instructions from hargreaves lansdown on the vote which way should I vote.
well if it hits 25p i would be back in.
The plaintiff wasn't an investor in the AA. The opposite. The AA invested in them.
No.
Apparently a previous investor wants to sue the AA for £44.000.000 how will this affect the share price tomorrow, will 25p be hit at 8am?
https://www.thetimes.co.uk/article/motoriety-founders-ram-aa-with-court-claim-57jrg7g2p