pseudopolylageraemia
07 Oct 2015
ODDO up to 4.2% ....is this as interesting as it appears??
pseudopolylageraemia
06 Oct 2015
Re: Volume of trades I haven't got a clue what's going on. There's not many RNS' suggesting block sellers to BB accepting the offer.ODDO and Investec seem to be accumulating (have I got that right?) at a fraction of a penny below the offer price.Curious.
dabba
06 Oct 2015
Volume of trades Anyone know if today's trades are buys or sells? I would expect notification of holdings? This mornings trades represents 10% of all shares in issue. Someone knows more than the rest of us?
pseudopolylageraemia
02 Oct 2015
Re: Rule 8.3 ODDO are now over 2% and continue to actively accumulate.Is this arbitrage for 0.5p or is an attempt to squeeze a few more whole pence out of BB?I'm holding on myself.
pseudopolylageraemia
30 Sep 2015
Re: Rule 8.3 A bit of 80s style carpet bagging wouldn't be a bad thing to liven up the market. AIM investors quietly getting fleeced by unopposed take overs is NOT a good thing as a precedent.Personally, I can't make head or tail of those 8.3 things, and as a doctor I'm fairly used to dealing with the complex and arcane. I'm starting to thing that those form 8.3 things are deliberately obtuse.
dabba
30 Sep 2015
Rule 8.3 has anyone looked at the rule 8.3 notifications?the majority are for purchase, the holding of those listed represents way over 10% of the shares, a casting vote?
dabba
29 Sep 2015
Re: Waiting The previous post is incorrect. 😳They need 90% take up of the offer. Or the deals off.If you have not agreed to the offer and more than 90% take up, then your shares are bought, you have no choice. If Barbican receives acceptances under the Offer in respect of, and/or otherwise acquires 90 per cent. or more in value of the Alkane Shares to which the Offer relates, and assuming that all of the other Conditions of the Offer have been satisfied or waived (if capable of being waived), Barbican intends to exercise its rights in accordance with sections 974 to 991 of the Companies Act to acquire compulsorily the remaining Alkane Shares on the same terms as the Offer.
mnbvvvvvvvvvvvcxz
25 Sep 2015
Re: Waiting If you choose not to accept, that's OKAY you could be left as a minority shareholder entirely dependent on the purchaser. You would still own the shares but the purchaser could leave you in a situation where you are locked in with no need to buy you out as your voting power is zilch.Take the money now or on the last day otherwise you will be left with worthless holdings for which there is no market.
pancaked
25 Sep 2015
Waiting As a 40p+ purchaser, I am keeping hold until last minute in hopes of something better
IB Investor
25 Sep 2015
Re: Board contradiction my reading is that it should be the highest price THEY PAID? not the market high - this would seem non-sensical otherwise and would meanmany takeovers should not have happened?
Misty Creamybib
25 Sep 2015
Re: Board contradiction 40p - Hence why I am a triffle confused.
cricket2
25 Sep 2015
Re: Board contradiction If you are correct, what is the highest price in the last 12 months
Misty Creamybib
24 Sep 2015
Re: Board contradiction "When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained)."This doesn't tell me I am forced to accept the cash offer.
mnbvvvvvvvvvvvcxz
24 Sep 2015
Re: Board contradiction The Takeover CodeThe City Code on Takeovers and Mergers (the “Code”
has been developed since 1968 to reflect the collective opinion of those professionally involved in the field of takeovers as to appropriate business standards and as to how fairness to shareholders and an orderly framework for takeovers can be achieved. Following the implementation of the Takeovers Directive (2004/25/EC) (the “Directive” by means of Part 28 of the Companies Act 2006 (the “Act”, the rules set out in the Code have a statutory basis in relation to the United Kingdom and comply with the relevant requirements of the Directive.The rules set out in the Code also have a statutory basis in relation to the Isle of Man, Jersey and Guernsey.General Principles and rulesThe Code is based upon six General Principles, which are essentially statements of standards of commercial behaviour. These General Principles are the same as the general principles set out in Article 3 of the Directive. They apply to takeovers and other matters to which the Code applies. They are expressed in broad general terms and the Code does not define the precise extent of, or the limitations on, their application. They are applied in accordance with their spirit in order to achieve their underlying purpose.In addition to the General Principles, the Code contains a series of rules. Although most of the rules are expressed in less general terms than the General Principles, they are not framed in technical language, and like the General Principles, are to be interpreted to achieve their underlying purpose. Therefore, their spirit must be observed as well as their letter.The following is a brief summary of some of the most important Rules: When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained). When interests in shares carrying 10% or more of the voting rights of a class have been acquired by an offeror (i.e. a bidder) in the offer period and the previous 12 months, the offer must include a cash alternative for all shareholders of that class at the highest price paid by the offeror in that period. Further, if an offeror acquires for cash any interest in shares during the offer period, a cash alternative must be made available at that price at least. If the offeror acquires an interest in shares in an offeree company (i.e. a target) at a price higher than the value of the offer, the offer must be increased accordingly. The offeree company must appoint a competent independent adviser whose advice on the financial terms of the offer must be made known to all the shareholders, together with the opinion of the board. Favourable deals for selected shareholders are banned. All shareholders must be given the same information. Those issuing takeover circulars must include statements taking responsibility for the contents. Profit forecasts, quantified financial benefits statements and asset valuations must be made to specified standards and must be reported on by professional advisers. Misleading, inaccurate or unsubstantiated statements made in documents or to the media must be publicly corrected immediately. Actions during the course of an offer by the offeree company which might frustrate the offer are generally prohibited unless shareholders approve these plans. Stringent requirements are laid down for the disclosure of dealings in relevant securities during an offer. Employees of both the offeror and the offeree company and the trustees of the offeree company’s pension scheme must be informed about an offer. In addition, the offeree company’s employee representatives and pension scheme trustees have the right to hav
Misty Creamybib
23 Sep 2015
Board contradiction This completely contracts hewhodares1 comments - Why does his comments not hold?
