Does anyone know if the AGM is today and if so what time? I have been working off the dividend timetable 3 February which refers to a Notice of Meeting to be issued shortly. I contacted the IDOX PR people and am told the Notice of Meeting would have been sent to my broker and not necessarily also as an RNS. |
Reckon I was wrong! Looks like it’s going to the wire. |
"As required by Rule 2.6(a) of the Code, Dye & Durham is required, by not later than 5.00 p.m. on 19 March 2021, either to announce a firm intention to make an offer for Idox in accordance with Rule 2.7 of the Code or to announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline may be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code." |
Discussions began on 19 Feb after a third possible offer ( in rapid succession) was made on 18 Feb. Conclusion - the price is acceptable
So D&D will be doing their DD and I doubt the BOD will be in a position to say anything tomorrow - unless everything is wrapped up |
Wondering if the AGM this week will confirm a sale has been formally agreed. |
Looks like a sensible sale at a very decent price. Clears the decks nicely for the new owner, and hopefully adds a few pence to the offer. |
I also hope for a better outcome of 75p take out price. We will know shortly. |
AGM next Thursday |
It should be, after 3 weeks! I'm still hopeful for a bit more than 75p here. |
seems like DD well underway |
Something's imminent. The volume today so far is substantially above that of recent days. |
I agree with you Energeticback, I have traded this before I started this thread in 2005 - up and downs and very sorry to see it go as I think there would have been a lot more potential to take it to around £1 within twelve months.
Will have to find another safe home for the proceeds it seems.
It's the dogs day to be taken out.
CT |
Featured in today's Investor's Champion update –
It will be shame to see another decent business leave AIM without fulfilling its full potential. While Idox shares have recovered strongly over recent months, they are only back to the level attained back in 2016. |
Looks like the old fashioned bear hug
Offered 70p on 17th, 75p on the 18th and announced possible offer on 19th
Idox RNS timed at 7.39am so not agreed the night before between the two parties |
someone offloading
Picked up another 40k at 72.05p |
75p seems a low take out price imho IDOX business has turned a corner and this is an excellent opportunistic bid for the purchaser not so much the shareholders who probably hoped for more. Then again a profit is a profit! |
The share price has been rising steadily over the last few days. In July 2020, Canaccord Genuity (of Vancouver, Canada) started coverage with a buy or target 68p. On 20 October 2020 CG had just over 19% of Idox. Dye & Durham Limited are quoted on the Canada stock market. Just saying! (I shall take my profit but at the same time be disappointed if Idox is delisted, I think the share price will get to 75p at least of its own accord and climb to £1 plus.) |
If they have accepted 75p then I guess a lot of the management will be staying with a very healthy package. |
Agree, if it moves up it’s going to be a few pence only IMO.....unless anyone else enters the frame! |
Board have as good as accepted 75p |
Hopefully they get another 10p out of them as they show their offer to be below fair value in light of current prospects. |
Great end to the week. Worth what’s been a long wait. Going to hold for now, may be a little bit more to go. D&D are clearly keen and fit looks logical. Congrats all! |
Well done holders! |
No leak yesterday. lol |
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