?13 Aug 2020 21:27
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.