RE: Buyout offer: 1p to 2p29 Oct 2025 11:14
Folks said the same for Gendrive which is now multi-bagging
Next Gendrive event here?
Straight from the RNS
In light of these factors, the Board is evaluating all available options to maximise long-term shareholder value, including identifying opportunities to further reduce operational costs while maintaining strict financial discipline. Among the options under consideration is the potential cancellation of the admission of the Company's ordinary shares to trading on AIM ("Cancellation"). After careful deliberation, the Board believes that, under certain circumstances, a transition to a private company structure could reduce operational expenses, provide greater strategic flexibility, and broaden access to capital on more favourable terms.
No decision has been made at this stage. Should the Board determine that pursuing a Cancellation and re-registration of the Company as a private company is in the best interests of shareholders, a detailed circular setting out the background, rationale, and implications of such a proposal will be sent to shareholders. Any Cancellation would require the approval of not less than 75 percent of votes cast by shareholders at a duly convened general meeting, in accordance with Rule 41 of the AIM Rules for Companies.
So its just on option of which they wouldn't get approval anyway.
Plus they are trying to appease their major shareholder.
I'd wager this placing rumour might be true and that it gets down at around 0.5 to 1p.
Sign In
Follow the stocks
