Takeover22 Feb 2019 09:38
NSF will have the right to reduce the number of New NSF Shares that Provident Shareholders will receive under the terms of this Transaction by the amount of any dividend (or other distribution) which is declared, paid or made by Provident to Provident Shareholders, on a basis to be determined by NSF. NSF will increase the number of New NSF Shares that Provident Shareholders will receive under the terms of this Transaction by the amount of any dividend (or other distribution) which is declared, paid or made by NSF to NSF Shareholders by reference to a record date falling prior to Completion, save for any final dividend declared by NSF in respect of the year ended 31 December 2018.
Sorry to appear a bit thick, my first entry here, does the above mean that any dividend which is announced next week will be taken off the offer by NSF, whilst their shareholders will receive NSF dividends for the year 2018, which we shall not, however we will be expected to accept the dividend induced drop in NSF share price.