Member Info for Claims12

See Slater now halved their holding over last few days.

Must be regretting voting against the 175p buyout offer 2 years ago.

Found this quote “ In terms of process it’s ludicrous and in terms of price it’s nothing like what we’d accept,” the report quoted Slater chief investment officer Mark Slater as saying.

Expecting Bermuda liquidation announcement soon I think.

What a disaster.

Part of "Propsed Sale Announcement" 20 October 2023.....

"Additionally, the Board is of the view that the current financial leverage of R&Q is unsustainable and if the Sale were not to proceed and the Available Net Cash Proceeds were not available to facilitate a material de-leveraging of R&Q, R&Q may not be able to continue to satisfy or obtain waivers on the covenant requirements for its existing debt facilities or repay certain of its debt facilities as they become due. A potential default or cross-default by R&Q on its existing debt facilities may lead its lenders to take action to protect their interests by requiring collateral or enforcing their security over certain R&Q assets, resulting in a materially worse outcome for R&Q and its shareholders"