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""((That sounds correct M4Jam,
but vote is around mid July and not sure how long after you would receive your money and DART.))""

voyeurx2,

That is not correct and as matter of fact a little misleading to M4Jam question as well.

First of all, Shell would have to get/reach not only the minimum 75% of the votes at the AGM to get the T/O approved by the majority of Shareholders, but also they (Shell) would have to reach the 90% threshold before they can enforce the compulsory acquisition.
If they don't reach the 90% Shell, (if they play by the rules that is), they will try to increase the offer first and if it is still refused, they would have to keep AOE as a separate Entity to their own and run it separately.

Also, if the offer is increased, anyone who has accepted the Shell offer prior to the increased offer, will also get the benefit of that increased price. As long as the shares have been bought by Shell, and not by someone else like a Financial Institution or someone else that bought for Shell behind the scene and remain unknown, the increase offer price will be automatically passed on.

So, IMHO you are only trying to instill fear so that shareholders will sell prior to even reaching that required goals of firstly getting the 75% and after reaching the 90%.

And, let it be clear that the shares will continue to trade in the market even after the 75% has been reached (if and when), and nothing will change. In the meantime Financial Institutions will try their best to make hay while the sun shine, at the expense of the nervous and impatient nellies. Being there done that many times before, and I have learned my lessons along the way.

And, if AOE would reach the 75% at the AGM then the offer will become valid. Shell may then declare the offer unconditional, and anyone can sell, if they wish, and get their money within usually 5 to 6 days, and even less.

It is only when Shell, (if it wins and if it ever get that far that is), reach the 90% and then declare their intention to enforce Compulsory Acquisition, that the delay in payment can take a little longer. But first, before they even think of doing that, they will have to apply to the Courts to get approval to do the Compulsory acquisition. Once they get that approval, the game will then change.

So, before you give advice that is not entirely correct, I suggest that you do some proper research first.


M4Jam,

The above reply to voyeurx2, is intended for you as well and for your consideration, and it is given from my own past experiences. Let me tell you that on not less than 3 occasions I went further and fought the Compulsory acquisition, without any luck, and as such, it took me a little while to get my money. Once the compulsory acquisition has been Legally enforced and you still refuse, than the money will be given by Shell to AOE (Shell will automatically own your shares IMHO because AOE will hand over everyhting to Shell), and you will have to deal with them from there on. If you still refuse, you will receive a letter telling you that your Certificates will be cancelled and either you get your money, or chances are that you will not get any because it will be passed on to some Corporate Government body to handle it on you behalf. BEEN THERE DONE THAT..!!

And don't forget that there are too many sharks out there, so please DYOR.

Good luck,

Buddy