Let’s have a JV7 Aug 2024 07:39
Just to highlight for those who are hopeful of a takeover at EWT results stage. Be careful what you wish for. I would much rather have a JV.
From Helium One website
‘ Helium One is incorporated in the BVI and it is not treated by the Takeover Panel as resident in the UK, the Channel Islands or the Isle of Man and therefore it is not subject to the Takeover Code. However, the Company has incorporated certain provisions in its Articles of Association which are broadly similar to those of Rule 9 of the Takeover Code, further details of which are contained in paragraph 6.3 of Part VI of the Company’s recent Admission Document published on 16 November 2020.
It should however be noted that as the Takeover Panel will have no role in the interpretation of these provisions, Shareholders will not be afforded the same level of protection as is available to a company subject to the Takeover Code which now has the effect of law for those companies within its jurisdiction.’