RE: Request from my brokers to advise if I accept the offer2 Sep 2021 07:27
Mr c the bod benefits are in annual reports. If any further benefits solely due to deal then yes should be published. The bod changed their renumeration and benefits from a deal being done at a certain / price date to just being taken over.
Let’s be clear…we’ve collectively voted through any changes and the bod renumeration even if you said no. Therefore you have no leg to stand on as equally many here thought 25p was a good deal and bringing on Gf/m&g where we gave up far too much cheaply. Writing was on wall there and in fairness there have been several posters on here saying this would end up in this takeover manner for years.
Unless you are willing to get the group with Dee to pay up for an investigation by a legal corp m&a specialist and get the attention of competition commission, fca, panel etc (which the legal specialist above will be best for) then nothing you can do.
My View and not accusation solely my personal view…m&g with strict rules possibly had conversations prior on takeover before or even way before cap raise and would have been able to do so as there was no information just conversation.
So again IMO m&g either didn’t take part in 45p capital raise as felt “tainted” or down to fund exposure. I don’t believe the latter is the case but could be wrong as it’s a view.
If you want to go down the route of the above it’s not just the bod renumeration solely. M&g are critical here and the dealings between all 3, Gf/bod and m&g doesn’t and never will sit well.
However where we are right now unless someone with huge funds and experience and govt backing steps in we’re on our own. Even then how do we benefit? It’ll only be on them offering more for the company and forcing Gf higher. A 25% stake helps but they still need to have backing of the rest v Gf 28.8% that can effectively block everything anyway.
As John said it’s not worth getting stressed over, we’ve been outplayed but ultimately thrown to the wolves by m&g.
I do not want to part of this company under Gf rule, with this current bod or having to be part of something delayed further. Id rather just own Gf stock if going to do that!!!
Genuinely I’d love to vote no but I don’t see anything good out of this bar pure luck of selling at a later date direct back to Gf for much more.
Or doesn’t get delisted and 2023 comes and then somehow see the benefits. Where have you seen Gf give shareholders a good deal or work with / for us??
This stock has never traded like it should do down to where it is and owners. That isn’t changing.
In my head Iv already moved on elsewhere to spend funds at end of deal.
Thesis of lithium, renewable hasn’t changed its backing the “right” companies.
I actually wish we could get Gf to give up their 10% holding in znwd, as I can imagine someone like m&g will go and bulk sell their znwd stock to them…I don’t want Gf in znwd.
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