The latest news and discussion on Royal Mail Shares.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser. All news and discussion on Daniel Kretinsky's full takeover of Royal Mail.
I guess so. 51% would, as a minimum, allow him to call a few more shots when it comes to choosing the board of directors. That allows him to set the direction of IDS. The legally binding agreements with the Gov and also with the Union probably wouldn't be applicable - assuming they were based on a takeover happening.
I thought if he doesn't get to 75% then he isn't buying anyone's shares.
Either he gets 75% or the offer is withdrawn.
The societies of consumption and squandering of material resources are incompatible with the idea of economic growth and a clean planet.
I guess so. 51% would, as a minimum, allow him to call a few more shots when it comes to choosing the board of directors. That allows him to set the direction of IDS. The legally binding agreements with the Gov and also with the Union probably wouldn't be applicable - assuming they were based on a takeover happening.
I thought if he doesn't get to 75% then he isn't buying anyone's shares.
Either he gets 75% or the offer is withdrawn.
From the first post on this thread:
Acceptances received total more than 50% but less than 75% of Voting Rights
In this scenario, the Offer could still proceed if IDS and EP Group agree to a lower acceptance threshold.
A lower acceptance threshold is agreed between IDS and EP Group
Shareholders that accept the Offer will have their shares acquired by EP Group at the Offer Price of 370p per share (the “Offer Price“).
Shareholders that do not accept the Offer will continue to hold their shares.
EP Group could seek shareholder approval to delist IDS from the London Stock Exchange and / or re-register as a private company. If a de-listing resolution and a resolution to re-register as a private company were to be passed, shareholders that do not accept the Offer will continue to hold their shares in IDS, which will then be an unlisted private company.
Without a listing it is likely that the shares will be more difficult to sell, and there is no guarantee that shares could be sold at the Offer price of 370p per share (or at all).
(B) A lower acceptance threshold is not agreed between IDS and EP Group
If IDS and EP Group do not agree to a lower acceptance threshold, the Acceptance Condition will not have been satisfied and the Offer will lapse. In that case, everyone that currently holds shares in IDS will continue to do so and IDS will remain a listed company.
Yes, two huge sales yesterday said goodbye to an extra £60,000 if they’d waited. Hm.
The writing is on the wall, DK is a billionaire with a multitude of very well versed financial advisors. Not sure why people would think the outcome of this hasn't been written in stone for a long time.
As the old saying goes - you have to break a few eggs to make an omelette...
75%+ guarantees the takeover goes through. Between 50-75% and the IDS board would have to agree to a lower threshold.
My understanding is the majority of the 13.92% so far are small investors and the majority of the remaining 58.5% are larger institutional investors, some of which might hold less than 1%, with Morgan Stanley being the highest at around 11%.
1% is worth around £35 million.
I don't think anybody really knows whether the big boys will accept or not, but the general consensus seems to be they will, but not until 30th April.
The figures are usually made public on the next working day.
So today's percentages will be issued tomorrow and tomorrow's on Thursday.
Although whether that'll be different considering tomorrow is judgement day, I don't know.
