Page 14, very positive wording for BET and endorsement for board to proceed with BET transaction and further catalyst for SP bounce if Standard general don't meet the 17 DEC deadline of firm intention as well. they only have 1 more week.
Opinion of the Board in respect of the Disposal As at 7 December 2020, Standard General had made no Rule 2.7 Announcement nor had it announced that it did not intend to make an offer for the Company. Standard General is currently engaged in a period of due diligence and the Board will consider its views on Standard General’s proposal in the event that Standard General confirms that its due diligence is complete and that it is in a position to announce a firm intention to make an offer prior to the deadline of 17 December 2020. The Directors believe that approval of the Disposal will allow Shareholders to maintain a shareholding in the Company and to participate in the potential upside of the Company’s growth following the Disposal. In addition, the Disposal provides the highest level of certainty regarding completion and costs and expenses of the potential transactions currently available to the Company. In the event the Disposal is not approved by Shareholders at the General Meeting, there can be no certainty that Standard General (or any other party) will make an offer for the Company or its business or assets. Accordingly, the Board has concluded that it is in the best interests of Shareholders that they approve the Disposal by voting in favour of the Resolution (including for the purposes of Rule 21.1 of the Code).
