BGL11 Sep 2014 15:22
Had enough with the board last rns to de list ASX.I am gone,good luck to all who have been crapped on by the board.Second answer on what to do.I am going to get the same price now as a compulsory price later on.I have a multi bagger with LGO so I am bunging it on there.GLA>
Important Information & Other Key Dates:
On 18th August 2014, Norton announced that in accordance with section 650D of the Australian Corporations Act 2001, Norton has varied the Offer by extending the period during which the Offer is open to acceptances until 15th September 2014, after which time the Offer will close.
Norton now has a relevant interest in more than 75 percent of Bullabulling and as such, Norton, has control of Bullabulling and control over the composition of the Bullabulling Board.
Norton will now seek to advance the Cancellation of the Bullabulling shares from the Australian Stock Exchange (ASX), subject to approval from the ASX and compliance with the ASX Listing Rules. Norton will also now seek to advance the Cancellation of the Bullabulling Ordinary shares on the London Stock Exchange's Alternative Investment Market (AIM), subject to compliance with the AIM Rules for Companies. We will update you in due course upon receipt of further information regarding Cancellation of the Bullabulling Ordinary shares.
If Norton receives acceptances under the Offer in respect of, and/or otherwise acquires 90 percent or more of the Bullabulling Ordinary shares and assuming that all of the other conditions of the Offer have been satisfied or waived, Norton intends to exercise its rights to acquire compulsorily the remaining Bullabulling Ordinary shares on the same terms as the Offer.
Please note that should Norton not achieve the 90 percent relevant interest in Bullabulling by the close of the Offer and Bullabulling is delisted from the ASX and AIM (in accordance with the requirements of each exchange), it is likely that there will be no liquid market for the sale of Bullabulling shares, and Bullabulling shareholders will only be able to sell their shares off market.
The Company's Board of Directors recommend that you accept the Offer without delay as the ability to raise any value from Bullabulling Ordinary shares in the future may be significantly hampered.