Member Info for addicknt

Fancy meeting you here!

AROK, I did wonder!

AROK, where did you see this info? I must have missed it.

The loan documentation for a 1bn acquisition finance package for JCC have emerged. Société General are the lenders.

Add 3bn development costs on top and this is going to be a hugely leveraged deal.

Still, that'll be their problem, not ours.

SM, fatigued retail.

With reference to the undertakings it's worth noting that should another bidder appear and make an offer 5% greater than 28p, those of BHP, New and Maxit will lapse. The same does not apply to the Directors.

Q, eh? So what are those irrevocable undertakings about? They've agreed to sell at 28p. Full stop.

Eloro, we aren't about to de-list. Whoever the broker was needs to read the document.

Q, Eloro's message from Sangha seems to confirm the view. Once the Board knew New and BHP were onside, it was effectively game over.

Q, no it isn't 'proper communication', but nevertheless it is what he said. Clearly, they thought they had no chance of successfully defending such a move.

And I agree, the rationale does seem strange, and it makes me think there is much more to this.

Q, it was a WhatsApp message which first appeared in the Telegram group and was then reproduced here. I can't recall who the poster was.

To paraphrase, Mather said the board had agreed to recommend the deal in order to avoid a hostile move from JCC.

Mattlilly, scroll down the announcement. It isn't what it seems to be at first glance.

Sorry, Q, but you weren't right about the fabled diverse book, nor about a hostile bid (you read what NM said about the matter).

However, I share your mystification as to why the Board has recommended this bid and can only conclude something isn't right.

Interesting RNS. Who's increasing their short?

Orthern, thanks. I just had a quick glimpse and the first post I read was from BBG3. I can't think who that may be!

Are there any (sensible) people on here who own DGR shares? If so, in regard to the offer, what is the general mood of your fellow shareholders?

My guess would be, like many others, they're not happy, but this must be tempered by the fact the proceeds will keep the business afloat? What are the chances of them rejecting the deal? When is the vote going to be held?

What will Mather do with the Samuel shares?

How happy will Mather be given that his direct holding is only worth circa 18m? How much will he get from his DGR and Samuel holdings? Is this the figure he had in mind for the years of work he put into the company? He received another kick in the balls yesterday, will this motivate him in his search for an alternative, or will he throw in the towel?

Given DGR's and Samuel's holdings, will this block form a cornerstone around which other private investors will rally in order to defeat the bid? 26% isn't a big number.

Random questions for which there are probably no answers, but could have a major impact on matters.

Does anyone remember the look on Mather's face in 2020? Furious doesn't come close.

I guess he'll be less concerned today, given that he's about to trouser a few bob.

NMM, it's quite funny, really. Even though the saga is drawing to a close, they still wanted their voice heard.

What was the percentage vote against him when he was given the heave ho?

He's not a popular bloke, is he?

I wonder how many people joined Norges in voting against DV's remuneration? Not that it makes any difference now, but it'll be interesting to see just how many people are dissatisfied.

I'm quite surprised they haven't released the results yet, maybe things didn't go quite to plan?