No Buddy. The directors can recommend a superior proposal, the price of which is a 1% break fee that ESG (and ultimately the successful competing bidder) will pay. But they cannot go looking for one (ie only if they are approached). If the share price action is a person looking to scuttle the scheme - great for us shareholders, but I don't think it likely. There is plenty of time before the scheme meeting. Why woudn't a bidder wait for the reserve upgrade before making any decision?
No Buddy. The directors can recommend a superior proposal, the...
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