The EP Holdings group takeover of IDS has completed its final regulatory hurdle. This after Romanian authoities had no objections for the takeover to go ahead. EP holdings are now in the recomced 28 day offer period when they must gain at least 75% of the IDS share allocation, this being by the 30th of April to become the controlling share holder. For this to occur share holders will have to have pledged or given over their shares.
If EP Holdings get above 75% of IDS shares by 30th of April they will have to delist the company from LSE. Delisting could take 4/5 weeks which means EP might not become the owners until late May, /early June. Anything above 75% EP become the controlling share holder. Only if EP gain more than 90% of the shares will they be able to compulsory purchase the remaining shares.
This has me wondering about my Freetrade share holding in IDS and where i stand in relation to being a part of the takeover proceedings. It almost feels like as a frretrade account holder I’ll be sat on the fence.
Anyone else have views on this?
Above infor extracted from a CWU podcast dated 3 April.