RE: Hmmm.. So, what on earth happens now?16 Oct 2025 11:42
JBongo,
Yes , I was wondering the exact same thing, there certainly appears to be publicly available indications that this has not come out of the blue, so was the support & backing of Mercia at least sought prior to this recent announcement?
I would certainly have thought that it would be normal practice to speak to your largest shareholder especially given they control around 26% of the company. I can only guess if this was the case, or what they think of the matter.
But then I would also consider it normal practice to inform your shareholders that a sales process or a strategic review has begun. After all, the ink on the half-year report was barely dry when this fabulous deal arrived. (and work on this had absolutely begun before the half year report was published)
Graft.