I Also have a large amount of shares in this company and have voted no +no so the best of luck to us all
Sorry my latin not good, nil desperandum
I will wait until they take my shares for 10p each, extra5p won't happen.
my 77,000 in Barclays Isa, I have asked Barclays to vote NO. But I assume that it will make no difference. Still on balance FTO , with special dividend has been one of my better shares. Certainly better than all my small oil shares.
Just spoken to Barclaysstockbroker very strange they maintain they had not been told by company any options possible , I have got them to look into it and have lodged proxy vote , but to vote you will need to ring or email them to insist your vote is logged
Just got strange email from Barclays saying this is a compulsory action and no choices - I will challenge
Why is it assumed major fund manager will have done deal with concert party and will vote Yes. I would hope they will try to maximize value either by selling on open market or by looking to get best deal, I would therefore expect many to sit on hands or vote no in hope of better offer. I also doubt that it is legal for concert party to make offers to some share holders to secure yes vote which are not available to all, so I don't see what private deals are possible.
There are two envelopes, one is PXS 1, the other CAG 1. Which documents go in which?
i have only 88,000, n an ISA i am mined to vote no even tho i think it will make no difference .
Please could someone explain what is the Scheme Court Hearing, who is the court made up, what criteria need to be satisfied
I think I will vote no. But concert party seem to hold all the aces.
need
My 80,000 in an Isa so I presume I nee to ask of my vote to be no. I think FTO shares worth about 20 pence each. 15 p each would be fine. 10p is better than nothing. Is there any down side to voting no?
Question - Why would major institutional investors accept 10p per share on a share worth 14p a year ago with a NAV over 20P ?
I dont think a no vote would lead to a long term fall in share price. 1) Consensus seem to be NAV is above 20p 2) Long term prospects for china energy sector very positive. 3) Income from investment assets will become increasingly transparent underpinning share price, 4) BOD have signaled intention to take company private and believe market will view 10p as Min offer like to achieve success in the future.