RE: Move Fresh Limited18 Nov 2022 09:16
The Board understands that, as at the date of this announcement, MoveFresh Limited, a company that Kevin Dorren is a director of and majority shareholder in, and exercises significant control over, intends to purchase Ordinary Shares in the market until such point that it holds, together with persons acting in concert with it, such number of Ordinary Shares comprising no more than 29.99 per cent. of the Company's issued share capital. However, there can be no guarantee that any purchases of Ordinary Shares by MoveFresh Limited will take place and there can be no guarantee as to the price of such purchases. Shareholders should consult with their own independent financial adviser and/or broker should they wish to consider selling their interests in the market prior to the Cancellation becoming effective
They clearly want to make sure this is passed but its alot of buying to go from 2.2% to 29.99%
The RNS states the fact that he will be buying so guarantee it will happen and I expect this to hit 2.50 minimum before mid December.
They are going to purchase to a point they own 29.99%