The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Throws even more uncertainty. My reading of it is that the company needs to make sure that they have a good case. Too late once closing is done. This spanner should not been in the works at this late stage. A possible court case could delay this for years????!
Unless I have missed something on the RNS... no announcement given. How much longer is this going to take as the following says:-
"These three critical recent breakthroughs in as many months will now be built into the syndicate's detailed definitive documentation."
Market not going to like this!!!
You are correct.
As Harry said months ago and into last year that the finance has been sorted, (then the unexpected placing occurred), but let's not labour that point. We now face a ticking clock for the most important precedent, imo, the government regulations to be brought into the Ethiopian Parliament for that to be agreed and then signed off by the MoM and the board at an EGM.
Would be interested in others comments!