Thanks William for all your posts and the work you have done on this. I wish I knew more about all the rules and regulations that apply. When you're a novice investor that a lot of PGH shareholders probably are it's easy to get scared by these processes used by sophisticated investors
I wonder if there are any big holders left in the Top 20 Shareholders? There is some entity called Citicorp Nominees with 11.95% but maybe this is also RG? I read that Investors Mutual Limited were apparently the second largest holder at 6.54% so maybe there are only small percentage holders left? When the $0.84 offer expires an article mentioned there may be a pause for 6 months before a higher price is offered as part of the usual takeover tactics
Another article mentioned that RG tried to do a deal with the larger PGH holders for their shares before his takeover bid. I assume it must have been a terrible deal if Investors Mutual Limited passed on it but then accepted the $0.84 offer
If there are any big holders left following the expiry of the $0.84 offer can RG do a separate deal with them for their shares and if they accept and it means he reaches 90% does anyone know would that mean for the small shareholders still holding on? Would we get the same deal for our shares?
PGH Price at posting:
85.0¢ Sentiment: Hold Disclosure: Held
