Stagecoach Share Discussion Threads

[giammy85] 20/5/2022 21:42

As at 4.30 p.m. on 20 May 2022, PEIF III Bidco may count 363,942,816 Stagecoach Shares (representing approximately 65.99 per cent of the issued share capital of Stagecoach (excluding treasury shares)) towards satisfaction of the acceptance condition to its Offer.
The Offer will remain open for acceptance until further notice. At least 14 days' notice will be given by an announcement before the Offer is closed.
Stagecoach Shareholders are reminded that, as stated in the Offer Document, now that the Offer has become unconditional, if PEIF III Bidco has by virtue of its shareholdings and acceptances of the Offer acquired, or agreed to acquire, Stagecoach Shares representing at least 75 per cent. of the voting rights of Stagecoach, PEIF III Bidco intends to procure the making of an application by Stagecoach for cancellation, respectively, of the trading in Stagecoach Shares on the London Stock Exchange's main market for listed securities and of the listing of Stagecoach Shares on the premium listing segment of the Official List.
As anticipated in the Offer Document, as and when PEIF III Bidco has received acceptances under the Offer in respect of, or otherwise acquires, 90 per cent. or more of the Stagecoach Shares to which the Offer relates (as interpreted in accordance with the Companies Act), PEIF III Bidco intends to exercise its rights pursuant to the provisions of Chapter 3 of Part 28 of the Companies Act to acquire compulsorily the remaining Stagecoach Shares in respect of which the Offer has not been accepted.

[jeffian] 20/5/2022 13:21

Do those acceptances include irrevocable undertakings and institutional pledges made prior to the offer? Bids are rarely made unless the bidder is confident it already has the support of a significant number of shareholders.

[winston270] 20/5/2022 11:25

As of 3pm yesterday, DWS acceptances have shot up to 44.21%

Its going too be tight as to whether they get it over the line or have to come back with a higher offer

[mrksooty] 18/5/2022 17:38

I have a holding of 6000 in shares and I just don't know what to do for the best. I do know I wish none of this had started.

[dave894] 18/5/2022 13:39

Surely if DWS don't get 50% acceptances by 21 May the deal must be off, a large portion of those 30% who have accepted I would like to know will they still be the beneficial shareholder not DWS as the offer will have lapsed?

[winston270] 18/5/2022 13:10

You have to fill in & return the form to vote, keep hold of your certificate

[bertie657] 18/5/2022 11:50

Ref:-My Stagecoach shares I got through my company, I received the voting offer letter a while back but I've actually done nothing , was I meant to fill form in and send certificate back or is ok to just keep hold of certificate. May sound a stupid question but I don't really understand shares , they were some I brought whilst working for Stagecoach . TIA

[leadersoffice] 18/5/2022 10:25

If the company don't reach 50% by 13.00 on the 21st May... the company could then issue a 980 notice giving 6 weeks notice to either accept the offer or remain a minority shareholder. I hate everything about this deal.

[leadersoffice] 17/5/2022 01:02

https://www.thisismoney.co.uk/money/markets/article-10820749/National-Express-refuses-budge-Stagecoach-takeover-offer.html

[leadersoffice] 17/5/2022 00:54

The deal as it stands is destined for the shredder. Either DWS revise their all share takeover upwards to get it over the line. This would require a revised timetable i.e..: brief extension. The board of SCG stop plans to recommend the all share offer from DWS via Bidco or we wait for the CMA to report their findings into the merger between NEX & SGC. Not look to wait. Would expect shares to drop to 75 85p should there be no revised offer from DWS.

[leadersoffice] 17/5/2022 00:48

Acceptance conditionAs at 3.00 p.m. on 13 May 2022, PEIF III Bidco may count 167,423,928 Stagecoach Shares (representing approximately 30.36 per cent. of the issued share capital of Stagecoach (excluding treasury shares)) towards satisfaction of the acceptance condition to its Offer.

[giammy85] 16/5/2022 22:29

As at 3.00 p.m. on 13 May 2022, PEIF III Bidco has still only 30.36 per cent. of the issued share capital of Stagecoach

[winston270] 11/5/2022 15:00

Acceptance level update this morning, as of yesterday afternoon DWS still only have 30.26% with 10 days to go:

[leadersoffice] 10/5/2022 06:27

Mistype: 1 pound 5pI mean it kills me to even write that !

[leadersoffice] 09/5/2022 20:45

Normally but this isn't a normal situation, it's corporate greed on the cheap and all the city have their hands in the tills to keep there friends happy. This is a shocker of this company gets taken out at £1.95 a share.... A bloody disgrace.

[smaaaarty] 09/5/2022 18:14

Stagecoach shares have remained almost frozen since the latest announcement fixed at about £1.05 can a company do this indefinitely even though normally they could have been on the up as business gets back to normal operating capacity levels ?.I always thought that markets price fluctuations were dependant on how well or bad a company was doing.

[winston270] 09/5/2022 13:11

It would be nice of DWS have to up their offer to pump SGC price back to pre-Covid levels at least

[winston270] 09/5/2022 13:08

I'd missed the RNS stating that DWS had lowered the compuslory purchase level from 75% to 50% + 1 share, hopefully it still won't go through.

Kind of makes the ability of SGC shareholders to vote worthless.

[winston270] 05/5/2022 14:45

The DWS cash offer doesn't even put SGC shares back to pre Covid 2020 crash, I suspect a lot would be selling out at a loss if the accepted the offer.

I don't they can lower the 75% threshold for compulsory purchase.

[leadersoffice] 05/5/2022 12:27

Even more reason to vote this deal out. How desperate to try and get the company dirt cheap. When it's not going your way, lower the threshold to just 50% from 75%

[winston270] 04/5/2022 16:12

Looks as though not that many are keen on taking the DWS cash offer after all.

I've declined the offer too.

[leadersoffice] 04/5/2022 15:42

Sorry it's 30.2%

[leadersoffice] 04/5/2022 15:18

Are they over 35% yet ?