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Jogger controls AB
76 Answers
An open letter to all ABers ...
Dear ABer,
With the continued downturn in conventional investment opportunities, Jogger Holdings plc ("Jogger") has, for some time, been acquiring shares in AnswerBank.
In compliance with AnswerBank's Articles of Association, all shares have been offered pro rata to the existing shareholders. Given the prevailing market conditions, a significant proportion of these offers has been declined.
Following further negotiations this weekend, we are pleased to announce that Jogger now holds a 79% controlling interest in AnswerBank.
We have invited "The Ed" to continue in his role as Editor, but subject to the overall control of Jogger.
We are considering an option to "hive off" the more viable Sections of AnswerBank, and to sell off the less attractive Sections. The only Sections which are likely to be retained are:
Health and Fitness
ChatterBank
Sport
Please Take Notice that, henceforth, all decisions concerning AnswerBank (including decisions as to what is or is not acceptable) will be made by Jogger.
Yours sincerely,
joggerjayne
CEO
Jogger Holdings plc
Dear ABer,
With the continued downturn in conventional investment opportunities, Jogger Holdings plc ("Jogger") has, for some time, been acquiring shares in AnswerBank.
In compliance with AnswerBank's Articles of Association, all shares have been offered pro rata to the existing shareholders. Given the prevailing market conditions, a significant proportion of these offers has been declined.
Following further negotiations this weekend, we are pleased to announce that Jogger now holds a 79% controlling interest in AnswerBank.
We have invited "The Ed" to continue in his role as Editor, but subject to the overall control of Jogger.
We are considering an option to "hive off" the more viable Sections of AnswerBank, and to sell off the less attractive Sections. The only Sections which are likely to be retained are:
Health and Fitness
ChatterBank
Sport
Please Take Notice that, henceforth, all decisions concerning AnswerBank (including decisions as to what is or is not acceptable) will be made by Jogger.
Yours sincerely,
joggerjayne
CEO
Jogger Holdings plc
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