Rns just means extension8 May 2020 10:44
highlighted in the Company's announcement dated 14 November 2019, the conversion of the Company to an AIM listed investing company is being considered by the Board which would entail the Company raising funds, prior to the end of May 2020, to co-invest alongside DBAY in private equity deals across Europe. Shareholder approval would be required for any such proposal and the Board intends to seek the views of existing shareholders before pursuing such a transaction. To further align the interest of DBAY and the Company's shareholders, DBAY has agreed that the Company has the right, at the time it becomes an investing company which is managed by DBAY, to purchase up to 49% of the PIK loan instrument that DBAY has used to fund the Eddie Stobart group.