DTY.L Share Price (DTY)

Lol last time Dignity gave discount they got a rollocking back in 2020 - I believe the offer was “£100 off Discount ends 30 April” - in 2020.

They could not careless if you was invested to give you “a bit off”. Also, what would the profit be for if you was 6ft under - literally cant take it with you lol! Worse is if whoever was 6ft under did not pass on details or have a Will/Trust that person who survives them would not benefit from the profit if any, anyway.

Cut from RNS

Bidco, a newly formed indirect wholly-owned subsidiary of Valderrama Limited ("Valderrama"), a joint venture between SPWOne V Limited ("SPWOne") and Castelnau Group Limited ("Castelnau", whose discretionary investment manager is Phoenix Asset Management Partners Limited ("PAMP")) (together, the "Consortium"), notes the announcement by Dignity in relation to a possible offer for Dignity (the "Proposal") by Bidco which Dignity's board of directors (the "Dignity Board") is minded to recommend to Dignity's shareholders.

Gary Channon chief of Phoenix. Hands over the reigns via “Directors appointment” to Kate Davidson. We now know why!
During boardroom coupe 2 years ago signed off by shareholders conned into his statement “I only get paid, like you when the share price increases” people bought into this and he got over the line. At that point the share price was £7.50.
Take this private and there is so much less red tape to offload off the assests.
Bidco a newly formed company. This stinks! Well done Gary, you got your money and to hell with the rest.
I am not invested in here and haven’t been since high teens. Disgrace

Probably right.

I've sold out this morning in either respect. Best of luck to longer term holders.

Another example of a take over bid praising the high premium on offer. Delve deeper and the offer is far from a premium. This share was 750 this time last year and a fair price now would be in the region of 650-700. The board have no doubt been offered sweetners to put this 3rd bid forward. Phoenix aren’t the only large holders so there may be some pushback which may result in a more reasonable +600 offer. Also, if other cash laden SPACS see the door is half open there may be a competing bid.

The Proposal is 525 pence in cash per Dignity share, which is a 23.4% premium to Dignity's closing price of 425.5p as of 3 January 2023, which was the last trading day before the release of this announcement, and a 32.4% premium to Dignity's closing price of 396.5p as of 11 November 2022, which was the last trading day before preliminary agreement was reached between the parties on price. The Consortium had first approached Dignity on 13 October 2022 in relation to a cash offer of 475 pence per Dignity share (the "First Proposal"), which was a 37.1% premium to the closing share price of 346.5 pence per Dignity share on 12 October 2022. The Proposal, announced today, is an increase of more than 10% compared to the First Proposal.