re things21 Dec 2022 15:42
Tried to get advice from broker but not a great deal of help I see on website this below and as a lot of you guys are more professional than me I wonder what you think re the possible takeover of the company in the future and how this works if our shares are cancelled and a new company share is issued. From the wording below it implies that our shares would still be valid in a takeover situation for a period of 10 years....do people think we are just being ripped off for our shares on the cheap? Is it worth just holding on for a long period or sell at a much lower price...answers on a postcard ....
he Company will remain registered with the Registrar of Companies in England and Wales in accordance with and subject to the Companies Act 2006, notwithstanding the Cancellation.
Shareholders should also note that the Takeover Code (the 'Code') will continue to apply to the Company for the period of 10 years from the date of Cancellation.
Shareholders should note that after the expiry of 10 years from the date of the Cancellation they will not receive the protections afforded by the Code in the event that there is a subsequent offer to acquire their shares.