COMPLETED
Shareholder Intelligence Mapping
Full cap table analysis, dossiers on all major shareholders, directors and key POIs. Network map built. Chan family approach plan written.
NOW — MARCH 2026
Initial Stakeholder Approach
Hadi to contact Larry Lipman via Shore Capital (Tom Griffiths warm route). Lily Chan via LinkedIn 2nd-degree connection. Richard Chiu to activate for Anson Chan intro. Erik Fok backup for Lily.
APRIL 2026
Preliminary Discussions & Alignment
First structured conversations with Lipman and Pyrrho/Cummins. Share high-level indicative offer range. LP rollover economics model from Alexis. Bonnie Maxwell governance framing.
MAY 2026
Panel Consultation & Takeover Code
Tuvi Keinan (Brown Rudnick) leads Panel consultation. RPC (Connor Cahalane) engaged for Chan side. Rule 9 concert party analysis. Cummins recusal from board deliberation confirmed. Announce or extend.
JUNE 2026
Firm Offer & Scheme Document
Scheme document dispatched. Michael Hirst OBE leads Independent Committee recommendation. Shore Capital fairness opinion. 28-day acceptance period begins.
JULY–AUG 2026
Scheme Court Hearing & Sanction
Court meeting → shareholder meeting. 75% value + majority by number threshold. Court sanction hearing. Effective date. AIM delisting. PLC wound up. ICP takes full ownership.
Q4 2026
100-Day Operating Plan
Josh Wyatt takes GM role. Peter Zielke managed exit. Roman Dahl leads transformation. PropCo–OpCo structure activated. Lume brand rollout to flagship sites.
