Originally Posted by
Expressflight
Shareholder approval was "overwhelming" in favour of the DBAY proposal and will result in the injection of £55m of new financing to provide the required financial stability. The FCA has acted quickly in granting the application for a Change of Control of the company that was a condition of the deal being implemented.
Over to you asdf1234.
Good news for ESL today however their shares still suspended and as mentioned elsewhere, the bail out of ESL comes at an eye-watering cost. Stobart Group mortgaged their shares in ESL and that debt remains unpaid today. The danger of Stobart being in default remains extremely high as the underlying security is still worthless (as the shares can't be sold or traded).