I have CFD's on Hurricane Energy and I am unaware of what will happen after the takeover by Prax
Will my CFD's be included in the offer benefits? (Offer summarised below)
or am I at risk of losing my stake and more if I do not close out before the takeover and subsequent delisting of HUR?
Thanks in advance
· the Transaction Dividend of 3.32 pence per share in cash and
· the Cash Consideration of 0.83 pence per share in cash
· the Supplementary Dividend of up to 1.87 pence per share in cash and
· a Deferred Consideration Unit, which may deliver up to 6.48 pence per share in cash , plus such amount of the Supplementary Dividend Amount which is not declared as a dividend prior to the Scheme Effective Date.
The Acquisition, assuming full value is delivered by the Deferred Consideration Units, will deliver Hurricane Shareholders 12.50 pence per Hurricane Share