Anyone actually understand what Ines/Ratcliffe are actually acquiring? Is it 24% of all the shares or 24% of the Glaziers bit? If it’s the latter, then will each of the glaziers sell their Class B shares in equal proportions or are some more willing to trade than others?
The Athletic posted an article earlier this year saying the six Glaziers collectively owned 69% (all the Class B shares and a few class A) and other parties owned the remaining 31% (all class A). Class B have 10x the voting rights of A.
So if Radcliffe gets to buy 24% is it a simple transfer; 45% Glaziers (B), 24% Ineos (B) and 31% others (A)?@Beamrider ?
The Athletic posted an article earlier this year saying the six Glaziers collectively owned 69% (all the Class B shares and a few class A) and other parties owned the remaining 31% (all class A). Class B have 10x the voting rights of A.
So if Radcliffe gets to buy 24% is it a simple transfer; 45% Glaziers (B), 24% Ineos (B) and 31% others (A)?@Beamrider ?