Care Reit Share Price (CRT)

Hi,

on HL i have to questions to answer

"TO APPROVE THE SCHEME" and

"(A) TO AUTHORISE THE DIRECTORS OF THE COMPANY ..."

what do they mean?

They haven't even sent the voting form out yet.

People need to hold steady and vote against the offer - only that way will a higher offer be made or they walk away from such a low ball offer altogether.

The counting votes are those actually present at the meeting + the proxy votes. Ie in exageration if 1 person at the meeting votes yes and nobody else votes it would pass.

Pretty feeble the mgt haven't stood up for it's owners, the shareholders, particularly below nav - Whse reit have at least secured a higher offer by rejecting the first low ball.

An example of strong mgt is mpe - who rejected an offer of £8 when the price was £6. Convinced shareholders with strong logic to reject it - thay voted to do so and 2 years later todays results were eps of 129p and a price over £10 (which is still to cheap!). We have to get some spine and stand up to outside parties hollowing us out on cheap valuations with more than just a shrug...!!

When is the deal likely to be completed?

No point in waiting, sold at a reasonable profit, so can't complain. I would have preferred to hold for the divis, but onwards and upwards.

ATB

Although I'm pleased at the offer I'm still at a loss so a counter office close to the NAV would be nice!