RE: End of November scenarios5 Sep 2024 12:41
I got the wrong easysend last night but the same thinking applies, re the cost of it to GST. it has a transaction value of approx Eu120million. that, to me, is well in excess of GST's Angra (although could be wrong as GST haven't (?) issued values to Angra's annual transactions.
but i STILL say they won't want to pay for it in cash, preferring to pay in shares, as per Semnet. either way, FCA approval is requird, first or the deal will need to be dependent on FCA approval.
i would think that AGM resolution for issuance of new shares is for that.
But the Semnet deal follows the same lines. the cost to GST is determined by the sp. But if i were both Semnet AND Easysend, I'd be angling for a low sp for conversion into shares, to maximise my profit potential.
(and the line still applies that i don't understna the point of Easysend AND Semnet being retained by owners as the sp will be inextrcably linked to the fortunes of GST so will both have to have conditions for the remains of both companies to be offered to GST for full takeover at some point in the future and, if so, at what price, aswho else will be able to value it for a potnetial sell to a third party?