IPO prospectus gave certain assurances to potential investors regarding the way Investment proceeds received would be for benefit of the company and that the €104 Million to pension fund was a complete one-off.
Now some years later the Investor finds that the guarantees given were not worth anything and were misleading or plainly false.
Investor can claim that he/she/it was persuaded to invest under false statements given in prospectus.
A shareholder would stand a reasonable chance of winning and solicitor on a no win/no fee basis would take it on.
Has happened before and no doubt will happen again.
Those EXACT same guarantees/promises were given to the staff ( ESOP & ESOT). who were 12.5% shareholders at the time of flotation. So can they take the company to task over those same made promises/guarantees/assurances?