PVG.L Share Price (PVG)

Did anyone manage to sell their shares?

As long as the Director makes money -- it appears that all small investors - lose their savings -- sorry investments -- lets hope Karma wins in the end.

The text below is from the smaller print in the RNS... so it is PVG that will be de-listing and it is probably in the best interests of the major shareholders but certainly not in the interest of private investors. So I would probably have to agree with 'absurd' and also 'dodgy'.

For the reasons set out above, the Directors believe the Delisting is in the best interests of the Company and its Shareholders.

Following Delisting, there will no longer be a formal market mechanism enabling Shareholders to trade their Ordinary Shares. While the Ordinary Shares will remain freely transferable, there will be no trading facility in place post Delisting and the Ordinary Shares will be more difficult to sell. It may also be more difficult for Shareholders to determine the market value of their investment in the Company at any given time.

The Company will consider implementing an off-market trading facility post the Acquisition or a relisting of shares on an appropriate index in the future.

Shareholders should seek their own independent advice when assessing the likely impact of the Delisting on them and their shareholding in the Company.

I read news feed bulletin and thought the company it was buying was being delisted, but apparently PVG are delisting? I would assume shareholders keep shares, its just harder to sell shares and to ensure fair conduct with share dealings when not listed on exchange?

I then read part of rns bulletin director states acquisition is good for the “shareholders”? Even though they are delisting in September. Also debt from acquired company seems to be taken on as shares on company. So share dilution? Very little info on delisting, as to anything and what shareholders are left with.

I'm not an expert but this seems a bit absurd, or something dodgy going on. Enlighten me please.

Looking at this PVG have bought the Simplyhealth Vet book. Which would make PVG the no.1 player in the UK market. By the looks of it simplyhealth get some money and paper in return.

Great deal, just a shame its going off market!