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.

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GB Group Ord Shs > Mar 9 - Notice of Change now on Sedar

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Comment by StrongLongon Mar 13, 2018 8:18pm

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RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Mar 9 - Notice of Change now on Sedar

Thanks For the tendering shares people have mentioned "untender"... are you sure this is an option? I understood that tendering shares was a binding agreement. If it was not a binding agreement this takeover wouldn't be a done deal as large blocks could potentially "untender"

I'm pretty sure tendered shares are locked in...

Also I assume any shares not tendered by the 25th will just automatically be converted to 3.4 ACB shares at some point and the CMED ticker will be wiped out can anybody confirm this thanks.

MartialArts wrote:
No, the Offer Take Up date is March 25th. At that point all those who tendered will get their ACB shares (and some cash) within three days.

Anyone who have no tendered will still have CMED shares until the "Subsequent Offer take up date" is announced. It's unlikely they will have another 15% tendering to reach a 90% take up. If they do have greater than 90%, then the "Compulsary Date Up Date" is set.

So anyone who tendered will get converted this month. That's just two weeks and a half.