RE: Share Offer25 Oct 2020 12:27
What is happening?
The Boards of Modern Water plc and DeepVerge plc have announced that they have reached agreement on the terms of a recommended offer, by DeepVerge plc, for the entire issued share capital of Modern Water plc. As a holder of Modern Water plc Shares within your Hargreaves Lansdown account you need to decide whether you wish to accept the Offer or not.
What are my choices?
Option 1 - You can accept the Offer. Under the terms of this Offer Modern Water plc Shareholders have been offered 1 DeepVerge plc Share for every 10 Modern Water plc Shares held.
Option 2 - The alternative is to do nothing. If you do not wish to participate in this Offer you are not required to take any action at this time.
When do I have to decide by?
Any acceptance must be received in this office by noon on Monday 2 November 2020. If you return an acceptance by the deadline given, and the Offer is declared “wholly unconditional” (i.e. is successful), the resulting cash will be credited to your account within 14 days of the announcement.
Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the secure message/letter and not on the summary information outlined above.
This is what is stated on the offer Through HL