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What Does The RAL Statement Mean?

What Does The RAL Statement Mean?

So what does the new statement mean?

Basically RAL are 0.31% under the 90% they were aiming for with 89.69% of the shares BUT they have now gone unconditional which means the takeover is being completed and all shares sent back with acceptance forms, + Doug Ellis and Jack Petchey shares will be transferred to Randy Lerner.

They will get over the 90% mark you'd assume once the acceptance forms sent back incorrectly filled in or without the share certificates enclosed are re-submitted correctly. This could happen any time now.

They will then follow through with a compulsory purchase of the remaining 10%* (at the same offer price of £5.47 I believe). Anyone who wishes can still send back their acceptance form and share certificate. Those holding out will really gain nothing now it is done and dusted with an unconditional offer. That is because RAL will now apply to the stock exchange for Aston Villa to be de-listed and therefore there will be no open market for those shares as the company will once again be in private ownership.

*There are some within that 10% who are willing sellers but have been unable to sell due to legalities, eg those living in America, Canada, Australia or Japan.

All those that did accept the offer will now receive the proceeds of the sale, the time scale of which is in the statement.

And most importantly? The Ellis era is over and a new era has begun.

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Writer:J P Fear
Date:Tuesday September 19 2006
Time: 11:52AM

Comments

0
Now we will see the changes, hope he gets a good welcome again at the Charlton match.
Donzarra
19/09/2006 11:55:00
0
So RAL have now made the their conditional offer unconditional & are now happy with 89%? Everybody wins then
Willie Willie Anders
19/09/2006 12:03:00
0
Farewell Dougie it was nice knowing you!
sandgroanun
19/09/2006 12:24:00
0
This is good news, I like the comment that the Ellis era is over. It has been a long time coming. Talk about a hide thicker than a rhino, can't Ellis get the message? If the report on the Teamtalk site is true that Ellis has said "I will always be around the club" I wonder why he cannot get the message that , thankfully, his time has gone. I don't want him associated with the club any longer and I am sure many supporters feel the same Why can't he just go away and leave Randy and MoN to get with making the club successful again. Something he singularly failed to do in all his years interfering.
DoogieTyBrenin
19/09/2006 13:06:00
0
Totally agree Doogie, but the point is that Ellis no longer has any power to influence ANYTHING that goes on at VP. His board of yes men have gone and I can't imagine Randy or any of his directors taking orders, or paying one jot of attention to anything that the coffin dodger has to say
DougInABox
19/09/2006 13:15:00
0
Sorry dudes, i beg to differ, Doug has no power, and i'm glad that his reign is over but you cant tell someone there not welcome at the villa unless they've been banned due to whatever. with the many ongoing discussions on this website about not being able to fill the ground we really shouldn't be trying to handpick the fans. he's gone so let him enjoy his remaininmg years watching his favorite team do all the things we couldnt do when he was in charge !
bobbyfett
19/09/2006 13:31:00
0
sorry dudes, just re-read your post and got the wrong end of the stick !
bobbyfett
19/09/2006 13:33:00
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