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Banjo
The 20% of FSPs that fail are distressed companies that are being wound up and have no interest from buyers.
That is not the situation for EUA which has entered a FSP because there is interest from multiple buyers (as per RNS statements).
SmithGraham - I got your question even if noone else did :-)
The standard requirement is for public companies to hold an AGM within 6 months of their year end although there seems to be a grey area for AGMs in 2020 regarding permissible delays due to Covid.
NB. the AGM needs to be held within the time limits of any resolutions passed at the previous AGM. It is apparently common for these time limits to be 15 months and the previous AGM was on 20th June 2019. If 15 months is correct (I couldn't find any info for EUA) then Friday 18th September 2020 would be the last possible business day before the resolutions from the previous AGM expire ... which would obviously make sense.
Hi Ferg.gg - I am expecting one RNS at the end of the FSP process to announce the recommended offer to shareholders. There could be a counter offer after that but I believe UBS should have already got the best and final offers from any prospective bidders.
Key point for me is that the absence of any RNS news on bids so far does not mean that there have been no bids put forward ...
UBS acting as an intermediary for one of their clients - UBS as the middleman have bought the shares from a broker and sold them to their client (or the other way round) - hence there is a buy and a sell for the same value ...