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1,051 Posts.
77
28/05/18
15:38
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So 64.44% (~179m) of the total 280m shares on issue voted
to accept the offer. Since that’s 96% of shares represented at
the meeting, the offer was accepted.
So that leaves 100m shares unaccounted for.
And enthusiastic buying continues at 1.74.
Yet the Chairman stated:
At the date of this meeting, the Board has not received a
Superior Proposal and the Board considers it unlikely that
a Superior Proposal will emerge.
The market doesn’t agree!
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