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Agreed Jam, already done that and no answers.
Ideally we need to instruct an solicitor on behalf of pi”s everyone emails their holdings to keep it confidential and an “admin” fee of £20-50 whatever is needed. That said solicitor, has two letters to go, one saying we will reject the deal and trying to get to 25%. They will also approach m&g and others on pi group behalf.
The other is hitting 5% calling special shareholders meeting about board replacement. Whatever is needed to get those on the board who aren’t for this deal in a better position - even if means removal of secker.
Yes I also would love to hear an explanation of why the offer price has been 'recommended'. With a project fully funded to production with potential for multiples of this value I really can't see how it could be justified. It's not like the company is in a tight corner with no options, the project is fully funded.
What is the percentage of votes required to approve the deal please?
The current share price only strengthens the offerors hand, as they'll be able to say that the share price was lower than the offer price for some time. Allowing investors to benefit? It all seems a bit of a con to me.
I guess it would have to go to vote if/when the offer becomes firm. In which case (in the case of HL) the share usually has a little flag alongside it with a document symbol which is how you vote -- not sure about other platforms you may have to ask...
broker should contact u - corporate actions - but we only have a proposed deal at the moment. I will e-mail asking for an explanation as to the reasons why this price has been 'recommended'. We deserve some response from the company. Ultimately will come down to the institutional holders : Hanwa , M&G Prudential, Robeco was one that bought in at the placing so maybe they'll accept.
I own shares thru Barclays, in Sipp and investment. And ISA with Hwrgreaves.
How exactly do we get a chance to vote?
I will vote against.