shares_r_us et alia18 May 2016 17:37
Here's your answer: The Company has received irrevocable undertakings from certain Directors and certain Shareholders holding, in aggregate, 46,990,711 Ordinary Shares, representing approximately 76.1 per cent. of the Ordinary Shares at the time of this announcement, to vote in favour, or procure that their Ordinary Shares are voted in favour, of the Cancellation.
The major shareholders will control the co without the limitations of being public. They will be happy to buy up any shares now whilst there is still a quoted market.