A genuine heads up on the concern “it’s so cheap we are open to...

A genuine heads up on the concern “it’s so cheap we are open to takeover”.

Any acquirer would need 75% of the targets vote to support a scheme of arrangement to acquire all the targets equity share base.

RCF with their 18% could individually block any takeover attempt, up to a 72% participation rate of the total TMT register. That would be a good turn out for a scheme meeting. Your last AGM had less than 35% participation.

You have a blocking stake in RCF