RE: Failure to comply with AIM Rule 1915 Aug 2025 11:47
Tradey, If this drops anywhere near 10p, that’s when MA will really have the board sweating.
He’s sat at 29.7% for a reason , go over 30% and Rule 9 kicks in, forcing him to bid for the whole lot at the highest price he’s paid in the last 12 months. That’s still 39p from December, so right now it’d be an expensive move.
Wait until December rolls past and that clock resets? Or let the SP sink so low that even a takeover premium looks like a rescue? Then he can go past 30% without breaking a sweat.
Right now he’s just circling… waiting for either the market or time to hand him the perfect price. Classic Ashley playbook.