I have shares in a UK listed company called Perform Group. It's recently been the target of a buy out by a private company, and I've received the following notification:
AI PG LLC (AI) has announced an extension of the Mandatory Final Cash Offer (Offer) for the entire issued and to be issued share capital of Perform Group PLC (Perform) on the following basis: GBP2.593 for each Perform Ordinary share held.
I've read elsewhere that:
"The directors of Perform noted that it is now unlikely that the company’s shares will continue to be listed on the London Stock Exchange, as a result of Access Industries (AI) increasing its ownership interest in Perform to approximately 67.97 per cent."
If I don't accept their final cash offer (60% of the value I brought it for) for will seem to be a successful buyout, what are will the consequences be? If the shares are delisted, will it mean that I lose the shares I have in the company?