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GB Group Ord Shs GBGPF

GB Group plc is a United Kingdom-based company, which provides identity data intelligence products and services helping organizations recognize and verify all elements of an individual's identity at key interactions in their business processes. The Company's segments include location, identity and fraud. The location segment includes address lookup, verification and capture; e-mail validation; phone verification, and data maintenance services. The identity segment includes document verification, data verification and identity investigation services. Its identity verification solutions can be configured to carry out a wide range of functions, including know your customer checks, anti-money laundering checks, age verification checks and liveness detection. The fraud segment includes transaction fraud monitoring, combating origination fraud and in-life fraud investigation services. It provides artificial intelligence powered screening for automatic onboarding or referral of customers.


OTCPK:GBGPF - Post by User

Post by MartialArtson Feb 28, 2018 12:29am
164 Views
Post# 27633906

Clarification from RBC, if you don't tender "Option 7"

Clarification from RBC, if you don't tender "Option 7"Document dated Feb 16th

Option 7, if you don't tender, you don't participate in this offer and that is the default.  If you read the SEDAR material, Aurora hasn't disclosed what happens after than except there are two other take-up dates which they can invoke after the Improved Offer deadline.  As I said, if you aren't planning to sell but don't be want to be left with minority, in limbo, shares, tender with Option 1.

The options 1 and 2 are expanded to 3-6 for interntational and US holders (for tax purposes only).
I think this wasn't done by Aurora but by the RBC based on the questions it was getting?

User image

On page 2, it does state "The Tax Instruction Letter will be posted to, and then be obtained on, the Offerer's website https://cannimed/auroramj.com on or about March 1, 2018"  If you just do shares, I don't think there are tax implications, that would only be for the pro-rated partial cash option.

Looking at the site, it seems it tax instructions will be posted here: https://cannimed.auroramj.com/tax-information since it references the March 1st date.

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