RE: Hostile takeover29 Jun 2018 09:43
Hi Simon,
1) Not necessarily a bad thing at all... assuming they make a fair offer. As many here would be happy around the 7p mark, I think an offer close or above this figure would be accepted by the majority of PI's for sure.
2) You simply make a request through your broker and they authorise you to vote.
3) Majority rule I'm afraid, so if the vote is passed, you can in theory refuse to sell your shares... but they become worthless, as the value transfers from the old company to the takeover company.
GL whatever decision you make.