Furthermore..
upon reading the bidders statement it is going to be important for holders to receive 'scrip roll over relief'
in order for holders to avoid a CGT event taxable gain, it is going to be critical for ADN to achieve 80% of MEP shareholders acceptance by 30/1/22
for MEP holders this means you will be able to 'roll over' the obligation to assess capital gain until yr new ADN shares are sold
bottom line ?
MEP holders if happy to proceed should get busy and formally accept the offer not just sit on hands and pontificate
I look forward to vigorous debate on the above intricacies
GLTAH and of course DYOR
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- Ann: ADN: Bidder's Statement
Ann: ADN: Bidder's Statement, page-9
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