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Thank you very much, Sir
Email from Watchstone just now saying reject the offer, I am not clever enough to post maybe somebody else could do that, if not later today I will copy out and post .
Shocking that they should get away with that .
Surely they should put all elections to sell back to the position before their "mistake" and state they got it wrong, and then ask shareholders what they want to do once again.
I hope the fca do something about this .
Atb. Ktc
Watchstone Group plc – Cash Offer
It has come to our attention that our previous correspondence contained another error. This Cash Offer has not been unanimously recommended to Shareholders by the Independent Directors of Watchstone Group plc. The Board have stated that they will be obtaining independent advice in respect of the Offer and will make this known to shareholders in due course. We will write to you again once the Board have made a comment. We apologise again for any inconvenience caused by our error as it does not reflect the usual high standards of service that we aim to provide. If you have already submitted an instruction and wish to amend this, please contact us to do so. Please find a corrected version of the message below.
What is happening?
Polygon Global Partners LLP has confirmed the terms of a Mandatory Cash Offer made by Polygon Global Partners LLP for the entire issued Share Capital of Watchstone Group Plc as a result of obtaining 30% of Watchstone Group plc Shares. As a holder of Watchstone Group plc Shares in your Hargreaves Lansdown SIPP, you need to decide whether you wish to accept the Offer or not.
Really?
I don't recall that...been here since 2014: any rns you could point you?
Cheers
Welcome to the club ;-)
Grumps....
I'm chilled man...
So chilled I'm in danger of frostbite !!
;-)
As a shareholder who has lost 73% here, I was interested to see that management rejected a takeover proposal in 2016 when the shares were valued at 235. A sorry saga.
It will either go all the way to court or be settled beforehand.
The company has always been clear about its stance which is why they also released detailed claim & response documents. If you haven't already, you may want to read them and make your own mind up on whether the claim seems strong or not.
the one reason ive held onto my shares with wtg is because i rang wtg some months ago asking that if they win the court case against pwc will they be sharing the proceeds with share holders and they told me yes , now i dont know if that court case will take place any sound advice please.
Confirmed by WTG.
Correction on its way.
Chill.
I have no doubt whatsoever that WTG have seen the document. ;-)
Thank you
I hope the company are aware of this supposed "error" in the HL document (i haven't seen it as not my broker).
If this is true, then they will be in deep Jimmy choo.
Atb . ktc
Nothing.....
When the 'Mandatory Offer' is voted down, you will still own the shares and they will go up in value as WTG progresses through it's litigations/claims...
Be patient, concensus is that the shares will have returned over a £1 by the time the lights are turned off at HQ
GLA
I'd love to think so, but expect either a correction or an RNS from WTG first, rebutting it.
We will soon find out....WTG have until the deadline published, as confirmed on the other board.
GS
Hi Grumps,
Perhaps this 'error' from Polygon is grounds for having this "bid" withdrawn due to mis-leading information to shareholders....
Fingers crossed !!!
The assumption is that Polygon want to build up their holding but without actually buying the company lock stock and barrel.
It's a mandatory bid situation having crossed 30%.
They see a lot more value in WTG than just cash !!
Anyone selling at less than a £1 is a numpty ..(IMHO) !!!
The WTG BoD have several lucrative irons in the fire.....
GLA
My thoughts:- this is an "error" from Polygon.
Possibly deliberate of course, to scare people into dumping.
Unless something CATASTROPHIC has happened in the background (which would already have necessitated an RNS), I can see not valid reason for such a claim to be true.
I still hold over 100k shares
ATB
GS
The BoD have NOT accepted the offer....
I had forgotten about this new board.
Here's my reply to FurryEars https://www.lse.co.uk/ShareChat.asp?ShareTicker=WTG&share=Watchstone-Group-Plc with more complete thoughts on the bluesare board.
ATB.
Well said Magpies.
Couldn't have put it better myself.
Atb.
The assumption is that Polygon want to build up their holding but without actually buying the company lock stock and barrel.
It's a mandatory bid situation having crossed 30%.
They see a lot more value in WTG than just cash !!
Anyone selling at less than a £1 is a numpty ..(IMHO) !!!
The WTG BoD have several lucrative irons in the fire.....
GLA
So what happens if we don't sell to Polygon, we'll be able to trade normally as before in the Aquis market?