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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bramdean $ | LSE:BRAU | London | Ordinary Share | GG00B1XCLF11 | USD PART SHS NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.495 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jul 2019 to Jul 2024
LONDON--Two units owned by the Indonesian congolomerate Bakrie Group said Wednesday that they have lodged a separate complaint with the U.K. Takeover Panel regarding financier Nathaniel Rothschild's conduct during the original reverse takeover in 2010 that he helped orchestrate in order to create Bumi PLC (BUMI.LN).
MAIN FACTS:
-PT Bakrie & Brothers Tbk (BNBR.JK) and Long Haul Holdings welcome the U.K. Takeover Panel's (TOP) ruling that no fault is ascribed to either unit and no mandatory offer for Bumi is required.
-Bakrie Group welcomes the TOP's decision to undertake a separate investigation into why it was not previously made aware of arrangements and relationships that form the basis of TOP's concert party ruling.
-Bakrie Group notes that had the TOP initially been able to rule as to whether there was a concert party in 2010, it would have sought a Rule Nine waiver. Instead the Bakrie Group says it is now disadvantaged due to a structure Nat Rothschild creat.
-Bakrie Group has lodged a separate complaint to the U.K. Takeover panel on Dec. 14 regarding the conduct of Mr. Rothschild during the original reverse takeover.
-LHH said it remains focused on progressing its proposal to separate from Bumi PLC for the benefit of all shareholders.
Write to Alex MacDonald at alex.macdonald@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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