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I may have misunderstood Jabberba post which kicked off this thread!
Tatty, the only take-over I'm aware of is the take-over of W2T by PHE. You seem to be referring to some other one?
In an interview on 24th March, DR stated that he expected the shareholders' circular (ref. PHE's takeover of W2T) to be issued in about 2 weeks, which would be imminent, which is why I suggested that it might be out sometime this week. Of course the current lock-down might cause a delay, or not.
Imo the W2T buy out is a massive distraction. I'm glad they are taking their time on the DD though, as W2T isn't public they aren't bound bumy FTSE rules. PHE needs a long hard look at the books before moving forward with the purchase.. 4 months and counting.. something seems off...
I’d be surprised if there was a takeover before the first commercial DMG unit has been proven to work as expected. Having said that I can imagine Peel having first dibs so to speak. We must be due the update on the W2T takeover very soon.
Apparently they will follow the precedent set by the regulator and vote by proxy!
https://www.futurecar.com/3776/Nikola-Motor-Co-Unveils-its-Badger-Hydrogen-Electric-Fuel-Cell-Pickup-With-Up-to-600-Miles-of-Range
600 mile range.
Preferably without any help from the incompetent idiots who would probably make matters worse.
It has crossed my mind that Peel might take a share of PHE during or after the takeover of W2T. I have no evidence whatsoever for this but it just occurred to me that it might make sense with MK now on the PHE board. It might also be a way to ensure that no one person owned 30% (or more) of the new PHE expanded group.
Peel are very keen on the plastic parks so we could really see things snow ball.
No worries. I like the look. It's much better received and bodes well for the tech.
stokey, I'm sure they will be able to find a way around this for the EGM. AFC seem to be believe that they will be able to hold their AGM "by proxy" so perhaps PHE can do something similar. I'm hoping that the shareholders' circular will be issued some time this week.
Stokey, I don't disagree with what you say however one way or another these obstacles will be overcome.
We are looking at 4 countries in the medium to short term where we will have a presence and further territories to follow.
A very interesting article about Toyota's new Mirai. Thanks for the link jabberba.
Jabberba - In relation to your 08.24 while not disagreeing with you as I suspect that you are closer to the company than me there are a few technical issues that need to be resolved before the takeover can progress. The principal problem is how to hold an EGM under the current restrictions. At present a virtual meeting is not possible. I have checked the Articles of Association and the wording does not permit the holding of a virtual meeting. I suspect that the company may be looking at amending the Articles to allow this in the future. The difficulty with proxy voting is that the company cannot dictate who the proxy should be so somebody other than the Chairman or CEO could be appointed. Also the Articles gives the appointment of a Proxy as an alternative to the member attending in person whichthey still could do.
The final complication is that the incompetent idiots may make regulations that affect how meetings are to be held or even suspending the holding of meetings altogether.
News of takeover soon.