At this stage, a Scheme of Arrangement looks unlikely to succeed. As @Spec has said, current shareholdings are:
RMS 17.94%
Tembo 9.99%
1832 5.16%
'Mystery' 4.75%
Delphi 2.3%
If we assume the 'Mystery' buyer is sympathetic to Tembo/SPR (SL's trip to London), we possibly have:
RMS 17.94%
'Defence' 22.2%
Given the 'Defence' is close to 25%, RMS would be unlikely to get the 75% of votes required for a Scheme of Arrangement.
It seems unlikely to me that RMS would launch a T/O without some form of understanding with the 'Defence'. I have some confidence that the interests of the 'Defence' align with the interests of Retail SHs.
At this stage, a Scheme of Arrangement looks unlikely to...
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Last
$2.00 |
Change
0.000(0.00%) |
Mkt cap ! $2.556B | |||
| Open | High | Low | Value | Volume |
| $2.00 | $2.02 | $1.98 | $3.898M | 1.950M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27920 | $2.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.01 | 8563 | 5 |
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| Last trade - 16.12pm 26/06/2025 (20 minute delay) ? |
| SPR (ASX) Chart |