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Old 15th Jan 2019, 12:06
  #1440 (permalink)  
runway30
 
Join Date: Aug 2007
Location: Cardiff
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Before the offer for the plc is decided, the directors have decided to sell the trading subsiduaries, the plc becomes a cash shell and moves from a premium listing to a standard listing. Under a standard listing they don’t need to ask shareholder’s permission to sell the subsiduaries. I know that seems to have gone around in a circle to justify blocking out shareholders from having to give their permission but seems to be what has happened.
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