Member Info for tomcat-14

who’s decision to accept the offer was made primarily as a result of this threat…

blocking the takeover means blocking the takeover… it’s not a private company based in mexico… it’s a uk public listed company based in the uk… having re domiciled from canada… we are in the latter stages of the takeover now… with the long stop date being 31st dec… and a minimum t-14day period required if the offer ever resumes… if they are going to intervene… we’ll find out pretty soon…

lol… bump…

can they extend the offer beyond the long stop… because of this outstanding macc1 condition… or does it lapse regardless… they won’t let it lapse now that they’re at 72.94% and so close to being able to delist…

t-26… and no mention in today’s rns acceptance update of what the anticipated unconditional date will be now… when macc1 is obtained or waived…

acceptances required for delist @75%… 7,903,857…
acceptances required for scheme @82.22%… 35,639,119…
acceptances required for cpo @90%… 65,525,592…

bcn shares in issue… 384,144,901… (100%)…
ganfeng’s holdings… 110,933,697… (28.88%)…
valid acceptances since 11nov… 62,817,766… (16.35%)…
total valid acceptances… 169,271,122… (44.06%)…
total… 280,204,819… (72.94%)…

how did it fail though…

enlighten us…

have been filed with companies house on 17nov2021…

82.22%… and ganfeng will be known all over china as lucky ducks… lucky 8… ducks 222… specially if they do manage to mug us all for this price…

the thing is… ganfeng will not reach 90% as part of this offer… they don’t need to get to 90%… at 82.22% they have 75% acceptances… which effectively gives them 75% votes ‘for’ the offer… and will then change the offer back to a scheme… and complete the takeover as originally intended… using a scheme of arrangement…
100% - 28.88% = 71.12% x 75% = 53.34% + 28.88% = 82.22%…

yes… all shares are equal… they cannot pick and choose to distribute shareholders profits / zinnwald shares to some shareholders and not others…

looks like we’re going beyond the long stop… unless now that they have over the 50% unconditional threshold… they surprise us all and resume at t-14days… rather than the anticipated t-28days reported previously…

is that a coincidence or was that a reasonable deadline that the aj set for the settlement contracts to complete… now in the process of being enforced…

they’re even bigger than yesterday’s mid trades…

anticipating that they will receive/waiver macc1 this week/by friday… resuming the offer timetable at t-28days to the long stop date 31dec…

watching live sea carrier…

no…

which company… ganfeng already owns over 35%…