Trinity take-over offer officially dead Good news. Now TXP has no restrictions to release news.
https://www.lse.co.uk/rns/TRIN/withdrawal-of-txp-scheme-lapsing-of-txp-offer-p6lb6rvswswny26.html Time for the company to start addressing shareholder's questions.
Time to deal with the size of the board of directors, as they promised on June 19 after
the AGM.
"To understand the reasoning behind the votes, initial discussions were held with certain shareholders regarding aspects of corporate governance prior to the meeting. The company's board has been made aware of and acknowledges concerns relating to the size of the board. The board intends to take appropriate action to reduce the number of directors following the anticipated completion of Touchstone's previously announced proposed acquisition of Trinity Exploration and Production PLC." GLTA !