Just my 2 bob16 Jun 2023 12:55
But we know there were offers earlier this year that the board decided were not a fair value of the company.
The way to force the issue would be to accumulate 30% of the company, where you are obliged to make a offer for the rest/or not, but where if you are inclined to make a offer for the company l, the board is obliged to put that offer to all shareholders.
Well one of the interested parties was had a potentially great opportunity to acquire “close” to the 30% threshold, perhaps in one swoop, so as not to have to have reported crossing 3%, and subsequent thresholds that would need to be RNS’d as TR1’s..
I believe we are a “live” takeover target”, our CEO has previously said as much!
I guess if I am to be proven right, we will find out shortly…
Gla, all IMO.