RE: Heavily undervalued19 Jan 2024 20:59
I urge EVERYONE with Sopheon shares to contact their broker ASAP on how to cast your vote. That is, if you want to vote of course. But I would strongly advise to do so, whether you're against or in favour of the bid from Wellspring/Resurgens. Your broker can cast your vote by proxy and there is only a small cost involved.
I personally think it is a ridiculous lowball bid, so I will vote against it. See my initial post for the reasoning behind this.
They will for sure make a higher bid if the initial voting falls short.
The voting requires both a majority in number of voters as well as 75% of total share capital. Because also a majority in number is required even small shareholders can make a difference, as long as we cast more individual votes than the few very large shareholders (the 41% that is already committed to the offer is a large percentage but only a very small number of voters (handful of directors + Rivermore).