Excerpt from Scheme of Arrangement memo: "Option One: 0.0276837 Fluormin PLC shares for every 1 Sallies? ordinary share held (rounded down to the nearest whole Fluormin PLC share in the event of fractional holdings) Option Two: A cash consideration of ZAR0.14 per share. Should no response be received, the default option as per your signed mandate will be applied. If you have no default option indicated on your signed mandate, option two (cash) will be applied." Any opinions on this one.
This Sallies scheme of arrangement is bull*****, pure and simple. Now the company is expecting minority shareholders to open a CREST account in the UK. Effectively they are hijacking this process and forcing minority shareholders to sell at 14c. Surely, this is not legal or ethical!!!