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Ann: DLS: Notice of Variation - Extension of Offer Period, page-28

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Bill Gates

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28/07/14

20:11

Post #: 13727446
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Originally posted by invertedva ↑

Well justice prevails. And those contending that the director's actions were unethical have been vindicated.

Key points:
- Hatziladas, Eye Investment, Guglielmo and Shaw have had their acceptances reversed and must wait 14 days from the release of DLS supplementary bidder's statement before deciding to accept Drillsearch's offer.-
- Former Ambassador shareholders who sold their share to DLS have 'withdrawal' right. In otherwords, if Magnum offer something juicy they can sell to them instead.

Now that control of Ambassador is up for grabs again, we might see a raised bid from Magnum to acquire the shares Drillsearch now have to, effectively, put on the market again. I hope Magnum have taken the time provided by the Takeover Panel adjudication to line up an all cash offer.

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inverted, was there an announcement somewhere. I seem to have missed it. Can you supply a link please?

AQO Price at posting: 34.5¢ Sentiment: None Disclosure: Not Held

DLS Price at posting: $1.58 Sentiment: Hold Disclosure: Held
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