Member Info for Medjed

Thanks Manx, so trading wise it will still e 3b shares at 1p? Confusing why they think it beneficial to consolidate only the nominal shares.

So only a 17% dilution effectively, not too bad.

I must be thick, its a 100 to 1 consolidation, current sp is around 1p so the new share price should be £1?

But the document says 10p???

And anyway to maintain a £30m mcap with 30m shares post consolidation surely the new sp has to be £1?

The Exceptional meeting is confusing document.

So they seek approval to be able to raise up to £5m nominal value after consolidation.

The way I would read it is that would be 5m divided by the new nominal share value of 10p, so they would be able to raise 50m new shares. A bit scary considering the new float will be just 30m shares.

But when I put it into chatgpt (I know sometimes its rubbish at maths) it insists they will be able to raise 5b new shares post consolidation which seems crazy to me. Because it is using the part if the new share which has a 0.001 nominal value.Surely that can’t be right?

Sid can’t reduce their offer, it is binding, read the RNS again. Irrevocable Undertakings ;)

Why would Sidara up their vote? They sunk in $140m already on advice and lawyers (and backhanders Im sure). There is no pulling out for them now.

The other point is, if the walk away and let it go to D4E they will never get it.

If they let it go to admin, govt will step in and pick it up out of admin for nothing to save face and jobs, and that way Sid will never get it either.

Its a game if chicken, but if Sid dont take Wood now they will never have it. So I highly doubt they will walk away.

But my conspiracy theory is that they have already given sweeteners to enough IIs in other ways to compensate them, so I expect the vote will be YES

I agree that the SP will probably dip in case of a NO vote. But I expect with a very high % chance that Sid will come back with a better offer after a NO vote.

@Gsei Sid have already spent $40m on the deal, and WG $100m which Sid will cover. So Sid are on the line for $140m in order to buy WG for $260.

That is a massive investment to get Wood on the cheap. To believe they will walk away from a NO vote without increasing the offer means they walk away with a massive loss and embarrassment and the take over panel probably end up losing their jobs.

So most likely scenario from a NO vote will be an increased offer from Sid.

"Voting NO will be an administration or D4E situ. All PI’s lose."

NO

"It is either 30p or higher if big II’s negotiate it higher with SID?"

The way they will negotiate a higher offer is to vote NO

Then Sid will have to come back with a higher offer.

Vanguard held 4.41% on 4th June, so they sold 0.4%

Not huge, but almost 10% of their holding. Not sure what to make of it.

Are you a AIM comedian? This company is about to be taken private, with the buyer injecting $450m cash.

Raise incoming 🤣🤣🤣

Lol Monty, Sid can't reduce or pull out, read the RNS. The only way they can pull out now is if one of the Exceptional Conditions is not met. Although I am sure they can engineer for a condition to fail if they really want out so there is that.

As for reducing the offer, no they cant they must irrevocably vote FOR the 30p offer:

Irrevocable Undertakings

· Sidara has received irrevocable undertakings to vote in favour (or procure a vote in favour) of the Scheme at the Court Meeting and the Resolutions to be proposed at the General Meeting from the Wood Directors in respect of their own legal and beneficial shareholdings, representing approximately 0.209 per cent. of the issued ordinary share capital of Wood as at 28 August 2025 (being the last Business Day before the date of this Announcement). Further details of these irrevocable undertakings, including the circumstances in which they will cease to be binding, are set out in Appendix 3 to this Announcement.

Hopefully this is just a day of orderly exit for the institutional shorts. SP kept low to let their buddies out.

We shall find out tomorrow. Unless it takes them a few days to exit.

I guess not many have been through M&A deals. Personally I have never seen the share price rise over the offer price (unless the market new of another better offer in the wings before the RNS landed).

SP is always below the current offer.

Poker I don't know what you're smoking. Giving away the vote lol, you lost the plot.

The share price won't even reach 30p as the offer price is 30p. The only way it will go above 30p is if there is another offer behind the scenes which MMs are aware of before us PIs. If that happens then people would be mad to sell.

You're clearly panicking about a NO vote for some reason, I can't be bothered to guess why.

"It's the only offer on the table so how can you say no?"

Have you ever bargained for anything? No is only for this first offer, they will then come back with a better offer. Having sunk in over $40m on Sid side, and $100m on WG side which Sid is due to cover (if I understood correctly) you'd be mad to vote yes.

Vote no for a better offer. (not to cancel the deal)

That's what I'm wondering too. Why the delay in resumption of trading?

Its been 3 days now since accounts were published

That's the spirit Falcon!!!! respect to you sir!!!

I am voting NO with my pitiful 49k shares, but every little counts.

That's how you win, don't cave in. They will come back with a better offer they are desperate.

At this rate he’s going to pay the debt off with placings, won’t even need the diamonds 🤣

Https://www.share-talk.com/hunting-for-the-next-havieron-fdr-geo-rock-wsbn-rcr-ggp-the-next-billion-dollar-story-2-2/

Looks like MILA is under the radar of even an AIM investors magazine lol

“ you would be an UTTER FOOL to vote no to the ONLY deal.”

NO

You would be a genius to vote NO

Because the offerers and Wood have spwnt $140m so far on the deal and are practically licked in.

So vote now and they will raise the offer almost certainly.