EBloodaxe
19 Apr 2018
Re: can I sell my GKN shares today? If you have accepted the Melrose offer then you have already sold your GKN shares and effectively no longer own them. You have to wait for the completion of the transaction, get your cash and New Melrose shares then you can sell those.
Apostrophe
19 Apr 2018
can I sell my GKN shares today? ...probably a stupid question, but.....I have already completed my corporate action, I have made my mix/match/cash/share choice and acceptance on my current GKN shareholding, so Am I still 'allowed' to sell those shares today?TIA!
RAConnell
19 Apr 2018
Re: Board Resigns And about time too. Rumour has it that Granny Stevens is flying back to the USA economy class on a budget airline where her excess baggage costs would pay for first class on a premier airline.Cheers, RAC
pike fisherman
19 Apr 2018
Board Resigns Offer declared unconditional in all respects Melrose is pleased to announce that its Offer for GKN is now unconditional in all respects following the satisfaction of the Admission Condition. Earlier today 2,468,470,543 New Melrose Shares were admitted to listing on the premium segment of the Official List of the UKLA and were admitted to trading on the London Stock Exchange's main market for listed securities in respect of valid acceptances for 1,460,633,457 GKN shares received as at 12.00 p.m. on 18 April 2018, representing approximately 84.97 per cent. of the voting rights of GKN. The cash element of the consideration will be settled or despatched by no later than 3 May 2018 in respect of valid acceptances received by 12
0 p.m. on 18 April 2018. GKN Shareholders who have not accepted the Offer are urged to do so as soon as possible in accordance with the instructions set out in the Final Offer Document. Update on GKN Melrose's early stage review of GKN has confirmed its Board's conviction of the extent of the opportunity to improve GKN's business for the benefit of its shareholders and wider stakeholders. Melrose looks forward to transforming GKN through operational improvements, investment, new leadership and a fundamental change in culture, so that GKN's businesses can reach their full potential. Melrose intends, on Tuesday 24 April 2018, to update the markets with a short statement covering GKN trading for the 13 week period from 1 January 2018 to 31 March 2018, a period prior to Melrose ownership. The short GKN trading update next week will be followed by a comprehensive review of GKN performance to be given at the Melrose half year results announcement in early September 2018. Changes to the Board of GKN As the Offer has been declared wholly unconditional, Melrose announces that all the members of the Board of GKN have resigned from the Board of GKN plc as of today's date. Melrose thanks each of the GKN Board members for their commitment to GKN. In accordance with the articles of association of GKN plc, Christopher Miller, David Roper, Simon Peckham, Geoffrey Martin, Jonathon Crawford and Garry Barnes have been appointed to the GKN Board for an interim period until such time as the cancellation of the trading of GKN Shares on the London Stock Exchange's main market for listed securities and the cancellation of the listing of GKN Shares on the UKLA's Official List takes effect, expected to be on or around 21 May 2018.Christopher Miller, Chairman of Melrose said today: "Today sees the formation of a new manufacturing powerhouse, headquartered in the UK and with diverse operations around the world. Each of these operations has enormous potential and under Melrose ownership we know we can help them fulfil that potential. Every time we have acquired a company, we have found talented and dedicated people at all levels of the business who have been enthusiastic about change. This will be the case at GKN: The knowledge and vision of the GKN teams will find full focus under Melrose and together we will transform the prospects of the business as Melrose has done with all our previous acquisitions. We have begun our in-depth review and this has confirmed our expectations about the size and scale of the opportunity to create lasting value for shareholders and all stakeholders as we drive the businesses to their full potential. Investment in R&D, skills, new products and new technology will be at the heart of our programme. As we have said throughout, Melrose manages and operates its businesses as if we were going to own them forever, and we will continue to do so. We will be speaking to customers and suppliers about how we can improve our service to them and drive long term programmes to their satisfaction. We are pleased to make binding commitments to the UK and other Governments around the world about our commitment to GKN and
sound money
19 Apr 2018
Unconditional & Delisting Announced today. FT no security issues.MMf
tradingup
18 Apr 2018
NATIONAL SECURITY Just wonder when Greg Clark and Gavin W are going to pop their heads in anddeclaim - or are they hoping their earlier pronouncements are now forgotten andthey will be saved the embarrassment of having to sound the 'all clear.'
sunnysideup1
18 Apr 2018
Re: new Melrose The GKN shares won't be de-listed on 19th April.
RAConnell
17 Apr 2018
Re: new Melrose ASAP to get rid of the deadwood that failed GKN. Why not 19th April when GKN shares are unlisted?Cheers, RAC
Bluedamson
17 Apr 2018
new Melrose When will the new board ie Melrose board takeover the from the present day GKN management? Any ideas ?
pike fisherman
17 Apr 2018
Re: Short interest Definitely arbitrage. Positions are generally at least a day behind.
SundayTrader
17 Apr 2018
Short interest Big short interest in Melrose, now 17%. I suspect this is mostly arbitrage, has anyone else noticed this?
Bluedamson
17 Apr 2018
Re: Deathly Quiet What is the position of the existing MRO shareholders now and after May 21st. Will MRO BOD say anything to us at all ? Any ideas?
Bluedamson
17 Apr 2018
Re: Deathly Quiet Amazing news !
pike fisherman
17 Apr 2018
Offer update Update on Offer acceptances and anticipated cancellation of listing and trading of GKN SharesAs at 3.00 p.m. on 16 April 2018 Melrose had received acceptances of its Offer in respect of 1,406,130,769 GKN Shares, representing approximately 81.80 per cent. of the voting rights of GKN. Consequently, once the Offer has been declared wholly unconditional by 19 April 2018, Melrose intends to procure that GKN applies to the London Stock Exchange for the cancellation of the trading of GKN Shares on its main market for listed securities and the UKLA will be requested to cancel the listing of GKN Shares on the Official List.The cancellation of listing and admission to trading of GKN Shares on the Official List and Main Market respectively is expected to take effect on or around 21 May 2018, being 20 Business Days from the date on which the Offer is expected to become wholly unconditional. Such cancellation of listing and admission to trading will significantly reduce the liquidity and marketability of any GKN Shares not assented to the Offer.
reaist
16 Apr 2018
Re: Deathly Quiet Rather think the political circus has moved on.
