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18/07/18
13:32
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Originally posted by Maysgr
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You still have rights of refusal to sell your shares, even if T2 reach 90%.
More info will be available here when the updated Independent Expert (IE) report is released.
We need to wait to see if they get 90% anyway (I expect they probably will).
The Bidder has already outlined their intentions if they achieve 90% or more (but less than 96.41%) after the bid has ended.
We can take it as gospel as that is what they will do, given their last non-compliance with stated intentions (the shares they held in ASX-FND) ended up with them having Orders made against them by the Takeovers Panel.
The Realm Chairman and T2 Principal (but no conflict of interest in his opinion), Gordon Galt, was the main man mentioned in the rulings / Orders. It was well covered in the media.
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and ty mate for all the information you have posted. I know you said this was well covered in the media but the law is a funny thing... anyway more people contacting and complaining surely can't hurt?