Further to the announcement of 7 July 2015, the Board confirms that the total of 3,888,873,028 New Ordinary Shares have todaybeen allotted conditional on Admission, and Admission is now expected to become effective at 8.00 a.m. on 13 July 2015. The New Ordinary Shares will rank pari passu with all Existing Ordinary Shares. Trading in the Company's Ordinary Shares is currently subject to Suspension, and the Placing and Open Offer is not conditional on the Restoration of Trading becoming effective. Restoration is not expected to take place until historic settlement issues in the Ordinary Shares have improved to enable orderly trading. The Restoration of Trading is subject to the Rules of the London Stock Exchange. Accordingly, New Ordinary Shares which are subscribed for under the Placing and Open Offer shall remain suspended from trading on AIM until the Restoration of Trading is effective. Whilst the Company intends the Placing and Open Offer to improve the settlement issues, there is no guarantee that this will be sufficient to enable Restoration. At Admission, the Company will have 4,591,596,741 Ordinary Shares in issue each with voting rights attaching. The Company has no Ordinary Shares in treasury and, as a result, the total number of voting rights in the Company will be 4,591,596,741. This figure may therefore be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Further to the announcement of 7 July 2015, the Board confirms that the total of 3,888,873,028 New Ordinary Shares have today been allotted conditional on Admission, and Admission is now expected to become effective at 8.00 a.m. on 13 July 2015. The New Ordinary Shares will rank pari passu with all Existing Ordinary Shares.
Open offer disappointment - shorters escape? iii slack in getting RNS' up on their site as usual. [link]
josmith70, what does it mean for the company?
@Investor_Soiree 22 secs22 seconds ago Pathfinder Minerals LON: (PFP)Mozambique Supreme Court Rejects General Jacinto Veloso Appeal..
LSE.OBT Obtala Resources,potential participation of the timber opportunity in Brazil By riddler...
BROKER MULTI BAGGER Independent Resources (IRG)traded as high as £1.50 per share [link]
Top Penny Stocks to Watch in 2015 [link]
@Investor_Soiree Two Top Micro-Cap Stocks Generating Double-Digit Growth [link] …...
Bargain I'm having trouble with the decimals again!!So 571,443x5.534= 3,162,365 x 0.09= £284k+!!!Really? Are they looking for me to put up that much?On the back of what!!!If the above is correct and any one in JSY has the cash, and would like my fully settled shares, just bring a transfer form and I'll be happy to sign mine over for half of that....Bargain and 🍺 money 💰💰🍻
Re: Corporate Action Open Offer Hi, if this goes ahead, we are being diluted.I'm happy if any one would like to get their hands on my 571 thousand shares which have settled + my current 3ml allocation.Any takers...?Make me an offer$$$
Re: Corporate Action Open Offer Yes they have fixed it!!!!!
Re: Corporate Action Open Offer I think iii have got the offer wrong in my secure message corporate action. I don't hold many just 5000 and so they are offering me circa 27000 for £250 rather than £25 ie charging 0.9p rather than 0.09p. Lets hope they fix that!
Re: Corporate Action Open Offer Lots of debate on the LSE BB, as a holder and with unsettled naked short shares ,(illegal but no one ones to do any thing about it) NEW is a toilet for your money, could open and trade a lot lower than the OO price, as pointed out shafted by the market, BOD, and the broker settling at 0.09 your shares that you purchased at market price before suspension. Can see this de listing and going tits up any way, may be BT might change things if he can get on the board but needs 10% settled in certificated form.
Re: Corporate Action Open Offer Good response C1. In summary shafted if we do, shafted if we don't. I've lost way too much money chasing this. What's that advert say "when the fun stops...".GLA who are participating.