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Darcy62

13 Posts.

20/07/20

10:14

Post #: 45974441
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Originally posted by SouthernLad: ↑

Dan, the SID details an end date of six months from the date of the SID for the scheme to be effective. SID dated 6 March 2020 so End Date is 6 September 2020. Of course the parties can agree to extend if both are happy to do so.

My pick on what happens:

Both the Bidder and WestOz refuse to budge so the scheme is called off between 29 July (last date to change vote) and 31 July (date of scheme meetings);
ZEN share price drifts back to 80 cents
ZEN releases its annual results for the June 2020 year with EBIT at $31.5m (excluding scheme costs)
Apex and Management (without PEP) form a new bid vehicle and sign up a new SID at $1.15 to be effective before the end of calendar 2020.

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ZEN Price at posting: 95.0¢ Sentiment: Hold Disclosure: Held
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