RE: latest email from Peter3 Jul 2022 13:32
This from ADVFN board 1 Jul
I contacted Peter Jay to ask him about the current position in view of the claims being made by certain posters.
He has asked me to post his response on ADVFN .....
I resent anyone casting doubt on the intentions of the directors of UK SPAC or Hellenic and I can assure you that this transaction is as far from being a “con” as you can get. It is complex, has taken up most of my working time for the last two years and has (with thanks to the FCA) taken far longer to complete that we had anticipated. The contents of the prospectus have been approved and the advisers and the directors are working on the final details before convening the EGM ahead of completion/admission.
All parties involved are excited about the prospects for the new business.
I can assure you that, as a former partner (and later senior partner) in a leading West End law firm and then partner in one of the leading national law firms I have never been and would never be involved in any scheme intended enrich the directors at the expense of shareholders. The intention of the transaction has always been to return greater value to the shareholders of the former Mountfield Group than they would have received if the Company had been place into Members Voluntary Liquidation following the sale of its former trading operations.
Directors' fees have been modest and the reward for us will in the form of options so we will only gain if the shareholders do so as well.The allegations are fanciful and clearly defamatory and made by someone with too little knowledge and too much imagination. An unhappy combination.
Kind regards
Peter