RMH Scheme of Arrangement Neutral
RMB HOLDINGS LIMITED - Announcement regarding AttBid's further acquisitions of RMH shares and the results of the Mandatory Offer
RMB Holdings Limited
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What this filing means
AttBid's mandatory offer for RMH closed with only 12.29% acceptance, cementing a 56.36% controlling stake for the concert parties but leaving the majority of minorities holding out.
Bull case
- AttBid and APF have secured a majority 56.36% controlling stake, collectively holding 766,985,528 RMH shares.
- The concert parties' ongoing open-market purchases at R0.47 and explicit reservation to acquire further shares provide structural support to the price.
Bear case
- The newly cemented 56.36% controlling block limits the potential for future competitive bids or strategic optionality for the remaining minority holders.
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