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As I still haven’t received any documentation, does anyone know how I will be able to find out about the result of the vote on Monday. I’m guessing someone may post it here, but is there anywhere official that this will be posted.
I was hoping they'd already had the conversations with major holders to understand if they'd support the offer. But either they have the answer they want, and the vote will be successful, or they just accept they may lose then give it another go.
PoO and gas had increased a fair bit since the bid so I'd think on that basis those shareholders who were favourable may have modified their calculations a bit and demand more.
Not long to wait now though.
Should Viaro be forced to up their offer, I can not see it not starting with a '2'.
I can almost hear the chatter of Viaro representatives sounding out major holders prepared to vote against the offer, see how much is needed get them over the line.
Viaro clearly need RRE to be their foundation into the NSCS .... so question is, at what price ? Has to be close to CoH if nothing else.
aimo
The big boys are with you :-) ... RNS's show they are still interested at 1842p too
I'm with you on this.
I put £10k in this morning at a price of 18.4548.
If the deal just goes through, I will get £18.50.
I have only speculated the stamp duty of £50.
If the deal is knocked back by a 25% minority, then they will have to drop the deal or I would think a minimum of £22.50 if you look at the increased amount of cash in the bank and increased oil prices since the offer.
I might buy more tomorrow, after TXP jumps on the news of the spud, the rig was inspected and approved today.
Looks like you're right...I was thinking maybe the only potential bid increase would be if they don't get the vote won on Monday. Then they'd have to go away and increase the bid, or call the whole thing off.
Not sure about selling before the vote. I had the impression you could still sell until the end of the day of the vote at least, as typically the agreement to delist isn't implemented immediately. I'm far from an expert though so it's well worth reading the documents on the website.
Think it’s looking increasingly unlikely any rival bids are going to be tabled now. I’m guessing I can sell right up to before the vote? I still haven’t received any scheme documents so not sure what the rules are.
I hope so!
Equally, it might be as dull as the last few. Some taking long CFDs and Barclays doing god knows what trading a handful of shares here and there.
We could be on for an interesting week ahead for RRE shareholders.
atb