Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Best of luck everyone
Being in cash at the moment looks like the best place to be! Good luck in the future.
Well money from Lookers sale has now been paid in to my account. Continued good fortune to all investors and may your choice of new investment be the right choice for you. Thanks for the journey lookers. Regards, S
Could be earlier as it all depends on when your broker receives the funds:
Effective date: 6th October 2023
Terms: GBP1.30 for each Lookers plc share held
Pay date: Within 14 days after the Effective Date
Twas good whilst Lookers lasted.
Rgds, S
I believe we are paid on 20th Oct. Good luck to everyone on future investments!
Well it has finally arrived. The last day of trading on this market for Lookers. I think the new owners certainly got a bargain here so well done to them. Time to look for new homes for the funds that will be coming. Good fortune to one and all. Rgds, S
Thanks for the link.
Not too long now hopefully
So the ‘Scheme Shareholders’ have voted the deal through, but they are only 30 odd % of the total eligible voting shareholders. I’m not sure of the distinction, can you enlighten me ?
Do they still have to receive enough votes from the rest of us to reach what I think was originally 75% of eligible holders ?
Great news! The Deal has been agreed by the Shareholders. Will be completed by the end of the year.
My understanding he needs 50% . I believe he would also be buying all the shares that are being sold at the moment
So am I reading the latest rns correctly , todate there is still only just over 22% confirmed /agreed to the bid and they need 75%.?
Very true. All in all a win all round. Rgds, S
Yes every penny helps as the saying goes!
Well we snuck in with the int dividend!!! Definitely an added bonus.
Div - 1pps
Xd - 24/8
Pd - 8/9
Regards, S
I think the offer on the table is slightly below what is a realistic offer albeit by only 10 to 15p less. I have previously posted this but am happy to accept this offer. The added bonus as always is that with a takeover there will be no selling fees so all in all its an acceptable offer to me. With regards the comment about "the promised dividend" I think this is possibly misleading as nothing has been promised. The company has advised that if the Lookers board declares a dividend before this deal goes through then there will be no reduction in offer price. Not a promise as I read it, details posted below, but I understand where you are coming from. We could in effect receive, up to a 1pps dividend, with no reduction in offer price. All in all I think this is a good outcome so bring it on. Continued good fortune to all Lookers shareholders and I hope that your gains exceed your losses. Well done one and all. Regards S
Interim Dividend
If the Lookers Board approves and declares an interim dividend of an amount not to exceed 1 pence per Lookers Share between the date of this announcement and the Effective Date, Lookers Shareholders shall be entitled to receive and retain such dividend per Lookers Share without any reduction in the Increased Offer Price provided such dividend is due and payable by Lookers prior to the Effective Date (the "Agreed Dividend").
Even though we have an offer of 130p that will go through now plus the promised dividend per the terms of the scheme of arrangement - It’s still seems a really low ball offer. I would be surprised if we get a new bidder come to the table within the next couple of weeks. (Sitting on this golden and staying patient) GLA
Yes so does that now mean they could go after Pendragon with 30p offer, otherwise they could be left out in the cold as there are not that many other groups to go for.
Have capitulated bar the shouting.
Berenberg target price 36p, takeover bid coming soon
Maybe, but as they only have 19%, I think the Buyer will get across the 50% plus one threshold to win the day. Cinch will then be a minority shareholder. Perhaps they will be happy with that, but I doubt it.
Just got some more - seems a no-brainer at £1.23, but maybe get blocked again by Cinch
I'm surprised the SP is not 130 now
Only if the sale is completed.
Ok maybe a daft question here. If they've agreed to buy at a minimum of 1.30, and I was to buy a load at the price now, say 1.22, does that mean I am guaranteed 1.30 whatever happens to the share price?