"Do you forget that when an offer become unconditional or made...

"Do you forget that when an offer become unconditional or made unconditional from the start, it means that the bidding party will keep all the shares it bought on acceptance and that it would not have to return those shares to the shareholders that accepted the offer regardless of the amount of shares they've bought ??"

but the offer from Beach was On-Market : so they had to accept all the shares offered to them on-market thru their broker.

I think what you are referring to above relates to an Off-market offer.

That was an interesting read about your conversation with the MD.

Boy, I hope the MD of Icon reads this forum! But I guess he already knows LOL!
Hey, maybe that why the original deal between Icon and Beach provided for a placement of 5% (?) to beach - but in the final washup, there were NO ICN shares placed with Beach. Now we can see why.

good luck to all remaining ADE s/h.
either way I reckon you come out winners
cheers