CXG- name change Cootes business divested,major Shareholder DE. ENG-capital reduction and delisted mmjor shareholder 7.
SVW could if they wanted to call an EGM now and push for a delisting they have the numbersbut really want 100% of NHR AND NOT ANYTHING LESS.
The bid is all about minimum compensation for DE but doubt if he'll sellout for cost price ie.$3.00 or even $3.60 because NHR is worth far more.
If SVW doesn't want the hassell of maintaining an unlisted vehicle register then they will just have to pay up unless substantial shareholders 2-5 inc cave in and accept $3.00 but why would they.
Potential holders within the unlisted NHR vehicle with exposure to 46% of COA, distributions 'may' still be possible if a firesale of all the assets occurrs.
It is possible that another party a PE player with an established prescense in the hire mkt might be interested in crunching the numberss as we speak to pick up a blocking stake of the minorities that dont wish to offload to KS.
