I think that was just an assumption made on HC, Farmer - due perhaps to the company's "intended use of the funds". But it's a binding contract with set terms and conditions. Any sale would require ITOCHI's consent.
The Deferred Share Rights may be exercised/converted up to 6 months after the litigation ends - "or with the consent of the Company if a takeover bid is made for the Company."
The company can redeem, inter alia, if ITOCHI/NURA makes a takeover offer.
Remember we voted on it in 2012, as pokemon reminds us. I've taken the above from the explanatory notes that accompanied the General Meeting Notice for August 12th 2012. It's a bit more detailed than the bits I've quoted though.
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