Mytrah Energy Share Price (MYT)

I wish I had seen your advice earlier Hounddog10 as I am now in limbo. I have been told by interactive investor that I have to wait to see if they reopen the offer or they is a compulsory acquisition. At least I only have a small amount involved but it is still off putting. Did you get your money out Luke?

Luke. If you are reading this you need to do something to get paid out. At the date of the first closing of the offer they had 86% acceptances. If they had got to 90% or above they would, as they are entitled to, have compulsorily purchased the remaining 10%. The date of the second closing of the offer was 29th May. It is not known what % they have got but it cannot be at 90% or above because they have now extended the offer to 3 June. As a general point it is not automatic that you will be bought out. If an acquirer does not get to 90% generally it cannot do it. You may wish to keep holding but you will be a minority shareholder in an unlisted company with no trading facility. Minority rights are very limited for Guernsey companies - for example no need to file accounts. I have learnt my own lesson on this - which is that I was quite content to wait for the second closing date only to find my PEP provider did not support sending in acceptances for that date (only the first one). Bizarrely they now support giving acceptances on the extension.

I see they have de-listed and my portfolio listing is now '�0'. When should we expect to receive the payout and how?

Ok, but is there not a form we have to fill in/sign so that the deal goes through? Or is the letter informing us of the share trade rather than asking for actions?

As you can see my shares are in my pension with HL - Based on your current holding of 3,628 Shares you have been offered �1,632.60. As Monkf6 said on 25th April: No need to execute a trade - it'll all go through automatically, Luke. You'll log in to your account in a few weeks and the cash will be there instead of the shares. I presume that this means I can and have to use the cash to purchase more stock or funds within the pension fund!!