The 604 form dated 24/10;2018 shows that RMS holds a relevant...

The 604 form dated 24/10;2018 shows that RMS holds a relevant interest in 4.96% of the ordinary shares of EXU pursuant to acceptances of the RMS takeover offer and bidders statements. At the time of declaring the relevant interest in that notice the shares had not yet been registered to RMS and the registered holders were still the parties who accepted the offer so at that time RMS’s power to vote or dispose of the shares was qualified.

My personal opinion is that RMS own 4.96% of EXU through these acceptances and that ownership won’t be reversed if the defeating conditions are triggered and RMS decide to withdraw the offer but I haven’t checked this (it is just my understanding from my recollection of my original reading of the offer). People should read these offers carefully and seek professional advice if they can’t understand them. Esh