Just in case you were wondering what PH do...14 Jan 2022 11:06
Taken from Sensyne Health's RNS today (I'm not invested):
Begins...
Formal Sale Process update
On 2 November 2021, the Company announced the launch of a strategic review and commencement of a Formal Sale Process in which it was also noted that, at that time, neither the Company nor Lord Paul Drayson were in discussions with any potential offeror or in receipt of a possible offer for the Company. Since then, JP Morgan and Peel Hunt (joint financial advisers to the Company) have contacted a broad range of corporates and financial sponsors to solicit interest in an offer for the Company or strategic investment into the Company. Over the course of December 2021, meetings were held on a non-confidential basis with both corporates and financial sponsors and progress was made on both management buy-out ("MBO") and non-MBO options. The FSP has now moved to the next phase where a number of parties are having more detailed discussions with the Company under the terms of non-disclosure agreements. The Board reserves the right to alter any aspect of the FSP process or to terminate it at any time and will make further announcements as appropriate. There can be no certainty that any offer will be made for the Company, or as to the terms of any such offer.
Ends.
So, Peel Hunt arrive and we suddenly wish to consolidate the share to become more attractive. Will Sareum still be around this time next year, who knows?