I posted this news yesterday on the Advent Offer thread but just in case some SH missed it...
@vcubitt has explained that is it highly unlikely that MMR would be able to participate in the Advent Offer due to constraints relating to it's status as a "Pooled Development Fund". It also does not have sufficient funds available to participate so even if a solution to the constraints was found, it can't write a cheque anyway. This 99.9% assures BPH's percentage ownership of Advent will officially rise in late February 2021. I am not going to predict to what level as there are other Advent shareholders whose position on the Advent Offer is not known and there is also the sub-underwriting agreement to pan out. Bottom line, very good news for BPH.
NOPTA approval window, page-434
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