RE: Offer increased to 869p26 Mar 2021 14:38
Just in case anyone reading the final offer RNS doesn't understand this below para. it relates to CFD holdings (save for 100 shares held by Samson Rock), which don't carry voting rights. To obtain the voting rights the CFDs would have to be converted (swapped) into actual shares, e.g. by negotiation with the CFD provider if they are holding (or willing to procure) the underlying security, or by closing the CFD position and using the cash to procure an equivelent number of shares in the market, or from a party holding shares who was prepared to sell. It would only make financial sense for them to do so whilst the s/p is sufficiently below the final offer, particularly because of the situation relating to the dividend 'sweetener'.
"In addition, Bidco has now received non-binding letters of intent from Samson Rock Capital LLP and Alpine Associates Management Inc. to accept, or use best efforts to procure the acceptance of, the Final Increased Offer in respect of a total of 15,002,691 KAZ Minerals Shares, representing approximately 3.17 per cent. of the existing issued share capital of KAZ Minerals as at the close of business on the Latest Practicable Date (the "Letters of Intent")."