|20 Jan 2015||ken536||I will also add my name to the No Vote,
Come on, Let all us PI's Put our names on this BB
saying we will all be saying NO to this 10p offer.
Let's show we still have some fight left in our blood. read more...|
|Sat 19:46||jacks13||jezwatson, are you confusing voting on a cancellation of a Listing with voting on a Scheme of Arrangement?
This is my understanding. The LSE listing rules say that a cancellation of a Standard Listing does not require shareholder approval.
The Scheme of Arrangement (which is, in reality, an application to the Court by Fortune Oil to restructure its own capital base) does require shareholder... read more...|
|21 Jan 2015||neptune_tad||Just voted NO along with my wife.
Beware of the scaremongers, it's just a vote whatever the result will apply to all whether you voted yes, no or not at all. At least with a NO vote we may get an improved offer, a YES vote and you definitely won't!
N read more...|
|yesterday 14:36||via con||Del44, "interesting" for you maybe , but it´s headache inducing for me ;o)
As the Rollimg Stones song stated, somewhat apropros to us shareholders
"you can´t always get what you want,
But if you try sometime, you just might find you get what you need" read more...|
|Sun 20:47||bam bam rubble||In recent years a scheme of arrangement has become the preferred structure for
large UK takeovers. In this structure the issued shares are cancelled with the
offerer receiving new shares. There are two main advantages of this structure:
- lower threshold of 75% to gain control (90% required in the takeover route).
- buyer pays 0% stamp duty (0.5% of offer consideration payable in a... read more...|
|Sat 21:12||bam bam rubble||That cancellation without approval option is only for stocks with a main listing
elsewhere i.e. Yamana Gold delisted off LSE in 2013 just by announcing it by RNS.
It's not an option for companies like FTO. read more...|
|Fri 14:37||jacks13||johnives, your broker will retain and complete the voting papers for the shares held in nominee accounts. You'll need to telephone and ask for the corporate actions department (or whatever they might call it at TDW), and tell them how you wish to vote. read more...|
|22 Jan 2015||del44||Afrosia:
Good response over on II...
I don't post there but you addressed it well....;-)
Cheers.... read more...|
|21 Jan 2015||txi||I'm still inclined to vote no unless something positive comes to light in the next few weeks. read more...|
|21 Jan 2015||tel5||unless things change am also now going to vote no. read more...|