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Hi guys, anyone got an update as to what is going on? Or can help me in laymans terms (ha-ha)
Just got a message from HL saying this....
"As you will be aware, Globe Invest Limited has made an offer to buy Best of the Best plc for 535p per share. The deadline for acceptance has been extended. If you have already given an instruction to accept the offer, you can disregard this message.
Following our previous correspondence, Globe Invest Limited has announced that they have acquired approximately 96.7% of Best of the Best’s issued share capital. Globe Invest Limited has confirmed its intention to compulsorily acquire any remaining shares not submitted for acceptance. If you’ve not accepted the takeover offer, we’ll automatically try to accept the offer for you, so you receive the cash as soon as possible. If the offer has been closed at this point you’ll receive the cash when the compulsory acquisition has been completed instead.
The offer is still open for acceptance – Act by noon on Tuesday 29 August 2023
The easiest way to take part is on our website. We can’t accept instructions by post or the HL App.
Log in online
Select your Lifetime ISA.
Click the dark-blue icon to the right of your shares and follow the steps.
If you accept the offer, the cash will be credited to your account within 14 days following the acceptance deadline.
If you don’t want to accept the offer, you don’t need to do anything right now. Please be reminded that Best of the Best shares are due to be delisted from trading on the Alternative Investment Market (AIM) with effect from 24 August 2023.
If you wish to sell your holding before the proposed listing cancellation you must do so before the end of the day on Wednesday 23 August 2023. The trade will be placed in accordance with our terms and conditions and subject to the standard Stockbrokers commission rates. To sell these shares please phone us on 0117 980 9800. Please note that if the cash consideration of a sale does not exceed the commission payable then the sale will not be executed. Please note that although Hargreaves Lansdown will endeavour to sell your shares it may not be possible to sell all, or even any, of your shares if a market for the shares no longer exists.
If you wish to maintain your holding you need take no action. You should note that following the cancellation you may have difficulty selling this investment at a reasonable price and, in some circumstances, it may be impossible to sell it at any price."
Cheers all.