Current shareholders are at risk of zero.....or waiting out the end journey which is unpredictable. Shares will be bought back at a set amount....significantly more than what the share is trading at but also discounted to current valuation.
I am guessing here....
Desliting allows company more more maneuverability and can only be done after restructuring.
On relisting current shareholders may be provided an opportunity to purchase ahead of relisting. Alternatively you hold your position and snh buys as many shares as possible for settlement. Thereis upside both ways selling or holding. No gaurantee though that on relsiting the price would be equivalent to the offer now or that the compnay would resemble its current form....
This is all guess work...not intelectual..pls dont consider this as informed advice. Looking at probabilities
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While de-listing is possible, it is not probable. As things stand today, it is not included in the Steinhoff restructuring plans as it stands.
Remember, although to some extent the lenders currently "control" the company, they are not yet shareholders. If at some point a de-listing is pursued, the shareholders would vote on this and would have to be convinced that there is a benefit. The lenders cannot vote on this.
Shareholders would lose significant benefits of going private and would never accede to this. These benefits include: 1. A free market system to buy and sell at a prevailing market price; 2. Significant volumes to buy, and significant number of interested sellers, 3. a constant and verifiable valuation offered for the share.
Can you perhaps expand what is available as a private company that would allow greater flexibility?
Best Regards
Captainfrom82
