The repurchase of the CD from Crown Pharma appears to have happened when SP was on the scene. If he officially took the job on 7 June his "DD" would have been going on for at least a couple of days before (ho ho). The company also appears to have taken advice from Arden.
"This transaction is a related party transaction in view of Dr Rybak's
interests in the share capital of Crown Pharma. The directors (other than Dr
Rybak), who have consulted with Arden & Partners Limited, its new nominated
adviser, consider that the terms of the transaction are fair and reasonable so
far as the shareholders of Crown are concerned."
This CD appears not to have been in the company when SP came on the scene..It only came in after 6 June 2005. What I'm saying is the directors should have signed up a proper agreement before dishing out £35m of shares.
The Market value of the 71m shares issued (in exchange for the M Mouse Cd) was something like £35m (remember the Rns about the settlement of the argy contracts PN had been issued).
Langbar Int stock quotes
Langbar Int stock charts
Follow this thread
