I understand that T212 does not currently have the capacity to vote on corporate actions. However, I was wondering what will happen to my shares in relation to the proposed takeover offer at 82.5p per share by management?
Will my shares be voted for the take private offer meaning I receive 82.5p cash on close or will they not vote. If this happens will they then be sold on the open market when the shares delist meaning that I would likely receive less than the 82.5p offer price?
The takeover bid requires 75% of shares outstanding to proceed. If they achieve this the outstanding shareholders who voted against the scheme will not receive the bid price as per the offer documents