RE: Vote18 Jan 2026 12:42
Smickster, in his 13:29 post, Dec. 29, 2025, presented a timeline of bid/potential counter bid deadlines, which I summarise as follows:
• 24-12-2025. Start of 28 day period within which “Scheme Documents (SDs)” must be posted under Take Over Panel Rule 2.7.
• 12 – 16 Jan, 2026 (Smickster’s date estimate). Scheme documents must receive Court approval before SDs can be posted.
o Question - has such Court approval been granted yet?
• 21-1-2026. Latest date by which scheme documents must be posted. Likely period Jan. 19-20.
o Start of period within which shareholders must vote on the proposed bid made by JCC.
o In the UK, that period normally 21 – 28 clear days after SDs posted
• Early March, 2026. Very latest approximate date by which vote can be held (without grant of an extension).
o Earliest possible date (Smickster estimate): Feb. 12, 2026;
o Likely date within period Feb. 16 – 27, 2026 (Smickster estimate).
The window of opportunity for a counter bid expires once the vote on the JCC bid has been held – or declared? Could a counterbid be launched on the voting day, but before results announced?
Apologies if I have misquoted or misunderstood Smickster but this is the timeline upon which I am monitoring the progress of the JCC bid for SOLG. For the moment that implies that we should expect to receive an RNS concerning the posting of the SDs within the next 3 days (Jan. 19-21).
Happy to be corrected if I’ve misunderstood or got something wrong.
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