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Low & Bonar plc (LWB) Ordinary 5p Shares

Sell:13.95p Buy:14.20p 0 Change: No change
Market closed Prices as at close on 14 November 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Bid situation | Scheme of Arrangement

Low & Bonar plc Ordinary 5p Shares

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 4 Nov 2019)

What is happening?

 

Low & Bonar plc is seeking shareholder approval for a recommended cash acquisition by FV Beteiligungs-GmbH, via a Scheme of Arrangement.  You are being offered 15.5p in place of each Low & Bonar plc share held.

 

You can vote

 

The Scheme is subject to shareholder approval at a General Meeting and Court Meeting both to be held on 5 November 2019 and Court approval at a Hearing expected to be held in the first half of 2020.

 

Should you wish to vote you may do so below before the deadline of noon on Thursday 31 October 2019

 

The Scheme will be approved if shareholders who represent a majority in number and hold at least 75% in the value of the shares voted, vote in favour. If it’s approved all shareholders will receive cash in place of their shares irrespective of if or how they voted. The Scheme is expected to become effective in the first half of 2020 with the resulting cash proceeds expected within two weeks of the Effective Date.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above. Any instruction will be cast at both the General Meeting and Court Meeting unless you specify otherwise.

×
Sell:13.95p
Buy:14.20p
Change: No change
Market closed Prices as at close on 14 November 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Bid situation | Scheme of Arrangement

Low & Bonar plc Ordinary 5p Shares

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 4 Nov 2019)

What is happening?

 

Low & Bonar plc is seeking shareholder approval for a recommended cash acquisition by FV Beteiligungs-GmbH, via a Scheme of Arrangement.  You are being offered 15.5p in place of each Low & Bonar plc share held.

 

You can vote

 

The Scheme is subject to shareholder approval at a General Meeting and Court Meeting both to be held on 5 November 2019 and Court approval at a Hearing expected to be held in the first half of 2020.

 

Should you wish to vote you may do so below before the deadline of noon on Thursday 31 October 2019

 

The Scheme will be approved if shareholders who represent a majority in number and hold at least 75% in the value of the shares voted, vote in favour. If it’s approved all shareholders will receive cash in place of their shares irrespective of if or how they voted. The Scheme is expected to become effective in the first half of 2020 with the resulting cash proceeds expected within two weeks of the Effective Date.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above. Any instruction will be cast at both the General Meeting and Court Meeting unless you specify otherwise.

×
Sell:13.95p
Buy:14.20p
Change: No change
Market closed Prices as at close on 14 November 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Bid situation | Scheme of Arrangement

Low & Bonar plc Ordinary 5p Shares

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 4 Nov 2019)

What is happening?

 

Low & Bonar plc is seeking shareholder approval for a recommended cash acquisition by FV Beteiligungs-GmbH, via a Scheme of Arrangement.  You are being offered 15.5p in place of each Low & Bonar plc share held.

 

You can vote

 

The Scheme is subject to shareholder approval at a General Meeting and Court Meeting both to be held on 5 November 2019 and Court approval at a Hearing expected to be held in the first half of 2020.

 

Should you wish to vote you may do so below before the deadline of noon on Thursday 31 October 2019

 

The Scheme will be approved if shareholders who represent a majority in number and hold at least 75% in the value of the shares voted, vote in favour. If it’s approved all shareholders will receive cash in place of their shares irrespective of if or how they voted. The Scheme is expected to become effective in the first half of 2020 with the resulting cash proceeds expected within two weeks of the Effective Date.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above. Any instruction will be cast at both the General Meeting and Court Meeting unless you specify otherwise.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Broker recommendations for this stock are not available.

Broker notes

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Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Broker breakdown, consensus and notes provided by MoneyAM.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.