RE: 7th of January11 Feb 2025 15:37
"what matters is total shares with voting rights"
well that all depends on how you want to look at it...
IF for example the £1.25 per share offer to buy the company was based on the TOTAL number of shares (which is 273,500,000) that would value the cash transaction of the offer at £341,875,000
IF the exact same CASH VALUE offer (£341,875,000) was applied AFTER the cancellation of current treasury shares then the equivalent cash shareholders would receive would be £1.3683 per share
the devil is of course in the detail of the one remaining offer and that's what nobody really knows
time will tell but if you ask me the market is starting to think the one remaining bid will also get pulled
besides it's not as though 'spoof' bids to momentarily inflate a share price allowing someone to offload haven't been seen before on AIM despite its claim of having tougher regulatory rules with more checks and balances than any main market listing
it's the wild west of investing where pretty much anything goes