is anyone up on the boards responsibility to disclose the...

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SnowStorm

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24/08/22

22:26

Post #: 63304862
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Originally posted by birdman29: ↑

23 August, 2022

“It is our view that the Thoma Bravo Scheme will realise attractive and certain value for shareholders in current markets.”

Nearmap’s Chief Executive Officer, Rob Newman, added that “Our business model is proven in Australia and our ambition to continue to grow rapidly in North America aligns well with Thoma Bravo’s future ambitions for the business.“

" The proposal from Thoma Bravo is a strong demonstration of the success of our strategy and the capability of our people.”

“We are incredibly impressed by Nearmap’s thought-leadership and momentum in aerial imagery, data and analytics,” said Thoma Bravo’s Senior Partner, A.J. Rohde.

“We believe Nearmap’s insights are increasingly mission-critical to enterprises and the use cases rapidly evolving, as evidenced by the Company’s accelerating adoption with blue-chip customers in North America.“

"We look forward to working closely with Rob Newman and the highly-innovative Nearmap team to continue scaling Nearmap in its next chapteras a private company.”

https://www.spatialsource.com.au/nearmap-board-recommends-1b-takeover-bid/So reading between the lines ...The only thing that is holding back Nearmap's future and Newman's pay packet and extra large bonuses .. Are the " Pesky Useless " Shareholders ...

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is anyone up on the boards responsibility to disclose the details of the offer, in particular the remuneration offered to existing board who are recommending share holders accept the offer

I have no doubt their ass is covered however the conflict of interest in the decision has a foul smell

NEA Price at posting: $2.15 Sentiment: Hold Disclosure: Held
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