Have I got it right

[Strong bull]

If this takeover happens if he gets between 75-90% then you have 14 days to sell your shares at £3.68 After that they could be worthless . If it's 90% then it's a compulsory buyout

[RobertT]

If DK gets 75%+ he takes control of the company.

Remaining share holders can then sell them at £3.68 each(£3.60+8p dividend).
If they don't, they will continue to be shareholders, but they will find it very difficult to sell them in the future, because the company will be de-listed from the stock market.
Realistically the only person willing to buy them will probably be DK.

If he gets 90%+ he can compulsory purchase the rest, but there's no compulsion on his part to do so.

If he gets less than 75%, the status quo continues.

[Celtic warrior]

But....... if you don't sell and the company makes a massive profit.
Would you as a share holder be due a substantial / reasonable shareholder dividend?

This is a question, not statement as I don't know.

[Strong bull]

If DK gets 75%+ he takes control of the company.

Remaining share holders can then sell them at £3.68 each(£3.60+8p dividend).
If they don't, they will continue to be shareholders, but they will find it very difficult to sell them in the future, because the company will be de-listed from the stock market.
Realistically the only person willing to buy them will probably be DK.

If he gets 90%+ he can compulsory purchase the rest, but there's no compulsion on his part to do so.

If he gets less than 75%, the status quo continues.

Thanks. Am I correct in thinking if he gets 75% you only have 14 days to sell them

[Bellaber]

The deal will be blocked because of his links to Russia

[RobertT]

But....... if you don't sell and the company makes a massive profit.
Would you as a share holder be due a substantial / reasonable shareholder dividend?

This is a question, not statement as I don't know.

Minority shareholders have the right to receive dividends if the company pay them. But a de-listed company don't have to pay them, even if they make huge profits.
It's a choice the board will make!

[RobertT]

If DK gets 75%+ he takes control of the company.

Remaining share holders can then sell them at £3.68 each(£3.60+8p dividend).
If they don't, they will continue to be shareholders, but they will find it very difficult to sell them in the future, because the company will be de-listed from the stock market.
Realistically the only person willing to buy them will probably be DK.

If he gets 90%+ he can compulsory purchase the rest, but there's no compulsion on his part to do so.

If he gets less than 75%, the status quo continues.

Thanks. Am I correct in thinking if he gets 75% you only have 14 days to sell them

You'll have at least 14 days from the Unconditional Date to accept the offer, which is when they'll announce all the conditions of the sale have been met.
They will then deal with the sale and send payments to shareholders.

I think they've said, everyone who's already accepted on the Unconditional Date will receive their money within 14 days.

More info: https://www.internationaldistributionse ... igital.pdf

If you haven't already accepted the offer, you can sell them in the normal way anytime you want before the Unconditional Date.

[RobertT]

The deal will be blocked because of his links to Russia

I think you're a bit behind the times.
It's already a done deal apart from Romania needing to rubber stamp it.

His links to Russia were discounted a while ago.

[Perseus]

What happened to the other 2p - I thought the sale price was 370p?

[RobertT]

What happened to the other 2p - I thought the sale price was 370p?

It was paid as a dividend in September 2024 as planned.

[Sean06]

The deal will be blocked because of his links to Russia

Somebody,s having a wet dream past that stage long ago.

[Perseus]

What happened to the other 2p - I thought the sale price was 370p?

It was paid as a dividend in September 2024 as planned.

Thanks, must have missed it, will check my bank.

[Cichlid]

I've just sold mine. Only lost around £70 on the £3.68 share price.

[posted]

I've just sold mine. Only lost around £70 on the £3.68 share price.

privately bought or bought/received inside one of the Employee incentive schemes?

If the latter were there any dealing charges to pay or any Tax implications?

[wandle]

If this takeover happens if he gets between 75-90% then you have 14 days to sell your shares at £3.68 After that they could be worthless . If it's 90% then it's a compulsory buyout

We had this rumour circulating at my office. I told people do not listen to such utter nonsense.
Think about it for one second.
If HSBC made a bid for Lloyds, got more than half to accept (so they now had control of the company) and could then legally declare to remaining shareholders ‘ok, sell us your shares or they become null and void’, no serious investor would ever buy listed UK shares.