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Just informed by my facebook queen daughter that it’s £20 per account to vote at the meeting? She says it’s on the Sirius minerals facebook group. Anyone cast any light on it?
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if true, may i therefore suggest ......just go to your brokerage/ link asset services and ask for your IVC number - they will send it to you, set up the account online and then vote online.
You can still go to the meeting if you want to see the snake in flesh
Just informed by my facebook queen daughter that it’s £20 per account to vote at the meeting? She says it’s on the Sirius minerals facebook group. Anyone cast any light on it?
I just can't see a higher bid coming unless it's before 3rd March. If another party is eying us up now there's no way as I see it they are going to risk losing us to a yes vote for AA. Anything after a no vote won't be a takeover from another interested party but more a cash injection from one or more of our II to protect their holding. That's why I've voted no. Either another bidder is going to step out of the shadows at the last minute before next Tuesday or failing that and a no vote II helping us go back to the aim of our SR.
The quandary for me is whether ( providing the shares aren't suspended ) to sell next Monday if no other party has put in a rival bid (providing we're still above 5p) with the intention of buying back in on the back of a no vote and the inevitable collapse in share price which it shall precipitate.
A higher bid can be accepted after the Court Meeting on the 3rd but before the Court Hearing (before the 20th March but date not yet decided). Read the open letter from Odey, they think that's when a higher bid is most likely going to occur.
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which is why a lot of us do not think SM will go into admin in the event of a NO vote- unless they wish to spite us back.
Honestsiriushold, see Edulis' comment. His view is that the FL does not sing until the Court approval Hearing meeting.
Oops, seems it is the other way round. HL say "The Scheme will be approved if Shareholders who represent a majority in number and hold at least 75% in the value of the Shares voted, vote in favour. "
No, Chesh, as I understand, to approve the AAL offer requires of all eligible to vote both a simple majority by number of shares AND a super majority of 75% by number of shareholders.
Thanks, Edulis, I sort of assumed that from the Odey open letter, but it seemed somewhat strange that a rival offer would interrupt the process if and once the shareholders had agreed to accept the AAL offer. Anyway, anyone with the resources to make such an offer will have the wherewithal to know the procedure. The main reason for my question was to understand until when a rival bid could emerge, and you confirm it is until the Court approval Heading meeting on or before 20th March. A further question is how and when the final date for the Court approval Hearing is set.
A higher bid can be accepted after the Court Meeting on the 3rd but before the Court Hearing (before the 20th March but date not yet decided). Read the open letter from Odey, they think that's when a higher bid is most likely going to occur.
Not been following, but I suppose the x2 yes votes refer to x2 large holders........?
All the best (I'm assuming :)
two yes votes and the fat lady sings
Thanks, Chesh.
Would be good if someone knows about this for sure. If two yes votes on 3rd March seals the deal, then any other offer would need to be made before that or risk being pointless.
Don't know fo sho Dumbly.........!
but my take is, if voted through the deal (fate of PIs') is sealed..........!
All the best (IMO :)
Sorry if this has already been answered...
If at the meetings on 3rd March the outcome of both votes is yes, to approve AAL's offer, is it still possible, procedurally, for a competitive offer to be made from another entity? If yes, until when? Until the Court approval Hearing scheduled for the 20th March?