Can anyone clarify if the statement below is correct, posted on 23 December?
It states that anyone who does not vote is deemed to retain their shares in a rebirthed company.
Is the statement referring to this weeks vote, or another vote further down the track?
I've been away from the computer for a couple of weeks and have had no mail regarding this weeks vote (as i'm sure many other people haven't who bought in after a certain date).
After reading through a few posts, it seems the deadline to vote was this morning. Does this mean that if the newcomers get in, i will have to keep my shares in newco? Had i been aware earlier, i'd have chosen option A.
"The PSG proposes to offer Progen shareholders three options: A. Payout of $1.10/share cash in return for cancellation of their shares, B. Retention of their shares in a "re-birthed" company (NewCo) C. A combination of payout of a portion of their shareholding at $1.10/share and retention of the remainder as shares in the re-birthed company. According to the PSG, shareholders who do not elect any of the three options or do not return their election forms will be deemed to retain their shares per option 2."
PGL Price at posting:
74.1¢ Sentiment: Hold Disclosure: Held