xgxg
19 Dec 2015
Re: Pace shares in ISA account Gierigheid - Do you remember P Garrett at Pace?
Gierigheid
19 Dec 2015
Re: Pace shares in ISA account I trade via a Halifax Share Dealing ISA. I had an online chat with a Halifax advisor, and asked about the implications of my Pace shares being exchanged for Arris on NASDAQ.The reassuring answer was:"If there is any merger, you will receive the new shares, and you can trade on the NASDAQwith this account."I suppose my association with Pace will continue (sort of) as a holder of Arris shares, in what would have been the 20th anniversary of me joining Pace as an employee and shareholder, although I departed to start my own business many years ago.It's a shame it's gone this way, I always thought that Pace would continue to grow and be the one doing the takeovers.Anyway, best of luck to all Pace shareholders and hard working staff, and best of luck for the New Year and New Arris.
sporty investor
18 Dec 2015
Re: Pace shares in ISA account This is interesting.s123m, would you please let me (and others here) know which stock brokers you deal with?I have been told by Barclays customers service about two options:1. I would be able to transfer the new Arris-pace shares to Barclays international traders account without any charges. That means coming out of ISA benefits.2. I could arrange to transfer my pace shares to an ISA account with other stock brokers who are allowing US and European shares in ISA accounts. Also, anyone else got further info about this?
DavyH
18 Dec 2015
Holdings in ISA and SIPP I've seen various messages here about people having little problem with the new Arris shares in various accounts. Thought I'd share what I am being told from the 2 holdings I have in Pace....Hargreaves Lansdown SIPP - Got a letter today from them. They are transferring the holding to HSBC. If I want to sell them after the 23rd then I have to do it by phone, pay H-L £50, another £15 for HSBC plus HSBC want an (up to) extra 1.5% for currency exchange,.... I gave up reading how much there was going to be in other charges! Oh, and I can only sell - I can't buy any more.Barclays Share ISA - they tell me I need to sell before the 23rd if I want to be sure of having ready access to the shares. After suspension I will not be able to trade them on this account. the end of January they will send me a letter outlining the options that will be available to me. Prior to that though it seems I will be unable to trade them.Not an ideal situation to be in and might explain why a lot of the smaller investors are leaving. I didn't really want to sell but now am rethinking......
xgxg
18 Dec 2015
Re: Definitive Dates NOR THE "FINAL" DIVIDEND TO WHICH THEY ARE ENTITLED!!!!!!!!!!!!!!!!I understand when the agreement was drawn up before the public announcement 22-23 April stating no further dividends to be paid after the agreed one mid year.BUT - since then Pace plc have continued trading and making profits when still held by the shareholders. So we are now missing our end of year Dividend as I am sure they have made a decent profit this last 6 months + the CASH they are holding.Only thought is that NA might pay an initial celebratory Dividend for good faith and kindness (tongue vey much in cheek)..... Annoying End to Pace plc!!!Want my cash and then hope NA shares start to climb rapidly to make it worthwhile hanging on in there!!!
Norman Barrington
18 Dec 2015
Re: Definitive Dates Pace chairman Allan Leighton said: “The combination of the complementary Arris and Pace businesses will create a platform for future growth above and beyond our stand-alone potential. We believe this is a great fit for both companies, our employees, customers and trading partners.”I note that the hard pressed shareholders don't even get a mention!
gordonmurr
18 Dec 2015
Re: Definitive Dates This week will be a "Blood Bath". (Mon 14th Dec)"Gordon - I think a Champagne bath will be more in order!"xgxg . I will have to put that on hold!
xgxg
18 Dec 2015
Definitive Dates Telegraph and Argus (Bradford)Pace takeover set to complete on January 4THE takeover of Saltaire-based pay-TV set top box maker Pace plc by US IT giant Arris Group is expected to complete on January 4.Final clearance for the deal from Brazil's competition authority CADE, the final required jurisdiction, expected to complete on December 22 following the expiration of the mandatory appeals period .This will pave the way for the takeover to complete following the successful outcome to a hearing earlier today.Dealings in Pace shares are expected to be suspended from 5pm on December 23 with the merger becoming effective on January 4, with Arris's new shares to be listed on the NSDAQ the following day.The combined business will have a turnover of £5.3 billion and 8,500 employees in more than 15 countries.The deal was originally announced in April, when Arris offered Pace's shareholders 132.5p in cash and 0.1455 new Arris shares for each Pace share.Share articleIn September Pace, which employs around 400 people at Saltaire, said it expected 2015 sales to be £1.63 billion, against £1.68 billion the previous year.Pace chairman Allan Leighton said: “The combination of the complementary Arris and Pace businesses will create a platform for future growth above and beyond our stand-alone potential. We believe this is a great fit for both companies, our employees, customers and trading partners.”
Thistle 1971
17 Dec 2015
Re: Decisions Latest date for payment seems to be 18th Jan according to the RNS
xgxg
17 Dec 2015
Currency Exchanges Now personally I want the $ to strengthen against both the £ and the €and the £ to strengthen against the €I want the UK to start increasing its interest rates sooner rather than later.The goal posts have been moved on this fron too!
Norman Barrington
17 Dec 2015
Re: Decisions Xg from what I have seen thus far, I cannot tell if the cash element is payable at share suspension (23rd Dec) or delisting on 5th Jan. More likely the latter. I also notice Brazil moved the goal posts from 17th to 22nd Dec for some reason. I am sure we will now get a timetable.from our brokers pretty soon, even by tomorrow's close of business.
xgxg
17 Dec 2015
Re: The writing is on the wall for us PIXIES... UK Court Conditionally Approves Pace Share SchemeClosing Date Expected January 4, 2016SUWANEE, Ga., Dec. 17, 2015 /PRNewswire/ -- ARRIS Group, Inc. (NASDAQ: ARRS), today announced that the High Court of Justice in England and Wales conditionally sanctioned the scheme of arrangement pursuant to which ARRIS will acquire Pace plc. Subject to the expiration of the mandatory waiting period with respect to the previously announced approval granted by Brazil's completion Authority CADE (which waiting period now ends December 22, 2015), the combination is expected to close on Monday, January 4, 2016. Trading in the ordinary shares of ARRIS International plc, the new parent company of ARRIS, will begin on January 5, 2016 on NASDAQ under the ARRIS current ticker symbol - "ARRS."
xgxg
17 Dec 2015
Re: Decisions Norman - So from your reading do you know when we will be given the cash part of the transaction?
Norman Barrington
17 Dec 2015
Re: Decisions For those unsure like twojoes I think the best idea is sell half keep half.So joe 1 can sell 50% and Joe 2 can keep 50% 😀😱
Twojoes
17 Dec 2015
Re: Decisions Actually they are the same ! lol! had the wrong exchange rate selected! doh. Hmmm, might keep them now. Back to the egg nog, I think it's time to stay away from the keyboard!
