Member Info for Rock8

Before he can dilute us out of existence he needs our approval.

Strange strategy to p..ss us all off so badly?

Why would we approve it?

He’s an unpleasant character.

He needs shareholder approval (75% of the 74%).

That wont happen.

Think you need to re-read.

Statements incredibly similar and no offer price mentioned in either?

Confused by your post

Sorry 55p

It peaked at c.55% on confirmation of takeover interest

Can’t believe any of that will be approved by shareholders (75% x SD) without some serious shareholder incentives.

That part of the RNS should be treated with caution.

A vehicle for SD to take control of SDRY whilst circumventing the takeover code.

To be fair was ‘ no take over deal’ priced in at 28.8p? - Maybe not entirely but…?

Also we now have additional funding confirmed.

We also now know SD is no friend of shareholders.

It’s possible the damage isn’t as brutal as you are suggesting.

Tuesday will tell all.

I suggest you reread the BB as I don’t want to repeat everything

Yes we’ve been discussing that clause all afternoon.

What do you think shareholders would require to vote to accept that?

Its a very high hurdle

Yep

He’s had 8 weeks to draw this up but didn’t

Sorry he needs 75% shareholder approval.

There is no way in its present form it would get that level of approval.

.zstarz

Agree but why would 75% of shareholders agree with his ridiculous suggestions.

Also what’s the incentive for shareholders to allow SD to effectively increase his shareholding on the cheap as new funding has been secured anyway?

That’s confusing unless SD didn’t think it would be secured?

Fordy88

Yes you are right but I suspect they could outlay the terms subject to share holders approval?

The delisting is more tricky IMO as they would have to offer an exit price for those shareholders not wishing/unable to delist as otherwise the deal would just be rejected?

Just my thoughts.

So why would shareholders agree?

As I said earlier

Struggling to understand why shareholders would agree to him taking control of the company with a deeply discounted rights issue to creat greater headroom?

HTTps://uk.finance.yahoo.com/news/superdry-co-founder-ends-takeover-175359818.html

HTTps://www.devdiscourse.com/article/business/2872206-superdry-ceo-dunkerton-will-not-bid-for-fashion-chain