"Roc Oil Company Limited (ASX:ROC) shareholders have voted down a resolution to amend the company’s constitution just one day after Roc revealed it has received a second takeover offer. Some rogue Roc Oil shareholders had instigated the ‘protest vote’ to potentially disrupt a proposed $800 million merger with Horizon Oil Limited (ASX:HZN). Shares in Roc Oil Company rose 3.54 per cent to end the week at $0.58."
The rogues are ... .......... not the 51.15% of shareholders who voted to stop the reverse takeover by HZN and the theft of our cash and Franking Credits which HZN management has already had the audacity to boast they are going to gift to HZN holders as a Franked Dividend bribe to get HZN holders to agree to take over ROC in the upcoming Horizon "merger" scheme vote.
Go figure!
Deloitte's have come out with an Independent Expert Report stating:
HZN holders are getting a 24-28% bonus premium above fair value if they accept the "Merger" scheme leaving us ROC "rogues" no say in "our" company and a minus 24-28% bonus.
Yes we have no say in the TO, no vote for ROC holders only this EGM resolution where we got a majority but not the 75% needed.
How perverse is that?
Roc is being taken over by Horizon; Roc s'holders should be the s'holders who get to vote not HZN.
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Last
$20.00 |
Change
0.495(2.54%) |
Mkt cap ! $54.31B | |||
| Open | High | Low | Value | Volume |
| $19.98 | $20.30 | $19.85 | $65.63M | 3.273M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 671 | $19.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.00 | 598 | 7 |
View Market Depth
| Last trade - 11.40am 08/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |
