RE: 6th oct5 Oct 2020 20:25
dougie we are awaiting the dispatch of the circular giving details of the acquisition and the shareholder agreements and in particular the notice of the EGM which is required to give shareholder approval for the issue of the consideration shares.approval of the acquisition and the shareholder agreements are not required but it is necessary for the consideration shares to be issued.this is similar to the yooya situation, where, if you recall, the meeting notice was delayed 3 times before being posted and then about a week later they called it off, as some condition or conditions were not met (we never found our exactly what).in other words although an agreement has been reached it will have a number of conditions which need to be satisfied before if can be formally implemented. if it was another company i wouldn't be too worried as these things,once provisionally agreed ,normally go through, although not invariably. unfortunately with regent's history of delay etc and in particular the yooya debacle, i an not as confident as i would like to be that all will go through, particularly as we have already had one delay in producing the circular. i hope i am wrong and we hear tomorrow (the next deadline for issuing the circular) that it has been issued.not long to wait now.