From a quick read it appears KBC under new directors out of admin have issued orders against YOW either issuing shares in placement or locking shares under placement so they cannot be sold etc and on top a review or what % is owned etc. As expected new KBC management look to be trying to protect their investment in YOW from being diluted and also need to know who new share owners from issue . KBC also stating their application for motions at AGM to remove and replace directors in YOW as they are substantial holder and wanted copy of register so they could communicate with all holders.
I can see the strategy behind all this so it is interesting to see how it plays out.
Might have bits wrong.
It is a application to takeovers panel.
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- Ann: TOV: YOW Panel Receives Application
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Ann: TOV: YOW Panel Receives Application, page-2
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