RE: VERY interesting....25 Apr 2023 08:46
JPP9788, correct, Good DD fella.
They want takeover bid, and considering selling the company for much higher than 350p, as close of play last Thursday - that is certain.
As listed in RNS, hidden but there:
''General Principle 2 requires that the holders of the securities of an offeree company must have sufficient time and information to enable them to reach a properly informed decision on the takeover bid. Consequently, a document setting out full details of an offer must be sent to the offeree company's shareholders''
''Rule 20.1 states that, except in certain circumstances, information and opinions relating to an offer or a party to an offer must be made equally available to all offeree company shareholders and persons with information rights as nearly as possible at the same time and in the same manner''
Any remaining shareholders will get the piece of the pie, unless he offers 100p+ now, and he will be happy to do so, as this is very solid company and valuable asset, more so now.