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[mammyoko] 30/5/2019 11:55

From Wiki article

Yassaie resigned his position as CEO of Imagination Technologies on 8 February 2016, amid calls for his resignation from shareholders after slumps in profits and spiralling costs


Confidence-inspiring? Looks like FST need to get on with it or run the risk of their £2.3m investment going up in smoke

[john09] 30/5/2019 07:33

Interesting RNS . rearranging the deckchairs ? Defending their independence?

Any views ..

[nod] 30/5/2019 05:21

FST is registered in the Caymans. That gives them many advantages in terms of taxes and reporting. I doubt that a company can pick rules from other jurisdictions on a piecemeal basis. That's like Leeds United deciding one day to use Australian rules football. Come to think of it, that would explain some of their tackling.

[iamnoone] 29/5/2019 22:28

I believe they understand the growth potential of FST and are trying to get it on the cheap. Under current business SAG growth appears to have stalled.

[iamnoone] 29/5/2019 22:23

I have read SAG strategic review and the following statement might explain what they are trying to achieve.

——


However, the Board has decided to broaden the target criteria in order to deploy the Group's capital and management resources to enhance returns for shareholders. As a result, larger acquisitions will be considered which may or may not have any synergies with, the Group's existing operations, if the Board considers that value can be created. Furthermore, the Board will consider opportunities to acquire a major shareholding rather than make a full acquisition, if appropriate.

There is no certainty that acquisition opportunities that satisfy the Board's requirements can be identified or that transactions can be completed on acceptable terms. However, the Board will now adopt a wider mandate upon which to deploy its resources.

[blueteam] 29/5/2019 15:25

All shares nearly on the open market. Now a certain bid / takeover. Could be a end of trading market RNS.

[birkenhead] 29/5/2019 15:06

D-e-a-r Mr FST,

m-y d-a-d-d-y i-s t-h-e d-o-r-f-t-r-o-t-t-e-l & m-y m-u-m-m-y i-s h-i-s s-i-s-t-e-r.

I l-i-k-e SCSW.

R U s-c-o-u-s-e-r? I d-o-n-t l-i-k-e u.

B-y-e B-y-e, J-o-h-n-n-y (Aged 9)

[john09] 29/5/2019 13:41

I might write to the company. I did once. Gave them an earful. No response lol. Much more satisfying though than whingeing about them on here.

[john09] 29/5/2019 13:35

If they are to buy the rest on the open market then the price will squeeze up nicely

[mammyoko] 29/5/2019 13:34

Only need M&G's & Hargreave Hale's holdings to remove the Directors with a special resolution

[sigora] 29/5/2019 13:27

seller down to zero holdings now, smart will have to buy rest on open market now

[geheimnis2] 29/5/2019 13:04

seller identified...

[ianood] 29/5/2019 10:48

supernumary - my thoughts entirely

[the drewster] 29/5/2019 10:40

I thought that Science Group might try to force a position on the board, but the directors can block that - the endgame for tweedle dee and tweedle dum can't be too far away now though

[supernumerary] 29/5/2019 10:23

I'm not sure the fact they've adopted them means a predator has to? A Cayman Islands Scheme of Arrangement would seem to be an obvious way to go...

[the drewster] 29/5/2019 09:38

What is a mandatory takeover bid?
Requirement for a mandatory offer: Where a bidder is interested in shares carrying 30% or more of the target's voting share rights, the bidder must make a mandatory offer in cash at no less than the highest price paid during the preceding 12 months (often referred to as a "Rule 9 offer").

[the drewster] 29/5/2019 09:30

The City Code on Takeovers and Mergers
The company has adopted the provisions of the UK City Code on Takeovers and Mergers.

[firw00d] 29/5/2019 09:28

Congratulations joe, you are one of the few people who get the top,Unfortunately you were buying ?

[firw00d] 29/5/2019 09:21

The 200p's were for joe hahahahaha

[john09] 29/5/2019 09:17

Filipe 👍🏼

[ianood] 29/5/2019 09:17

Do the same 30% and 6 month rules apply to a Cayman Island registered company?

[escapetohome] 29/5/2019 09:16

Way to go!

[escapetohome] 29/5/2019 09:16

£1 , i accept your offer!! Hee hee

[fillipe] 29/5/2019 09:12

The 14p's were a delight for me....

f