RE: A premium on a deflated share price6 Jan 2023 18:13
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