SugaToyBoyDaddy
04 Oct 2016
Completion of disposal and new operating agreement Mon, 3rd Oct 2016 16
0RNS Number : 5493LTricor PLC03 October 2016 The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"
. Tricor plc("Tricor" or the "Company" Completion of disposal and new operating agreements Tricor plc (AIM: TRIC) announces that following the Company's announcement of 2 September 2016 and subsequent announcement of 30 September 2016, the Company has today signed Settlement Agreement 1 and Settlement Agreement 2, as detailed in the Company's circular, published on 5 September 2016. Accordingly, the disposal of the plant and equipment of Tricor Minerals Pte Ltd to KGGD Pte Ltd and the new operating arrangements between Tricor Environmental Pte Ltd and KGGD Pte Ltd are now complete and the Company is now classified as an AIM Rule 15 cash shell pursuant to Rule 15 of the AIM Rules for Companies ("AIM Rules". The Company will be required to make an acquisition or acquisitions which constitute a reverse takeover transaction under the AIM Rules within six months of becoming an AIM Rule 15 cash shell (which will be deemed to be the date of completion of the Disposal) or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least £6 million), failing which, the Company's ordinary shares would then be suspended from trading on AIM. After six months of suspension, the Company's Ordinary Shares would then be cancelled from trading on AIM. The Company is currently in ongoing discussions with a number of potential reverse takeover targets. The Board believes that there is a reasonable chance that the Company will undertake a reverse takeover within the permitted six-month timeframe. Consequently, at this time, the Board does not have plans to re-admit the Company to trading on AIM as an investing company. The Company will make further announcements as appropriate.
SugaToyBoyDaddy
02 Oct 2016
Re: Another RNS today Result of General MeetingFri, 30th Sep 2016 07:22RNS Number : 2686LTricor PLC30 September 2016 The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR". Tricor plc("Tricor" or the "Company" Result of General Meeting Tricor plc (AIM: TRIC) announces that at its general meeting held earlier today, all resolutions were passed.Accordingly, following successful completion of the general meeting and passing of the resolutions and further to the announcement of 2 September 2016, the Company confirms that the disposal of the plant and equipment of Tricor Minerals Pte Ltd to KGGD Pte Ltd and the new operating arrangements between Tricor Environmental Pte Ltd and KGGD Pte Ltd will complete in due course (the "Disposal". As detailed in the Company's circular, published on 5 September 2016, following the Disposal, the Company will be classified pursuant to Rule 15 of the AIM Rules for Companies ("AIM Rules" as an AIM Rule 15 cash shell. The Company will be required to make an acquisition or acquisitions which constitute a reverse takeover transaction under the AIM Rules within six months of becoming an AIM Rule 15 cash shell (which will be deemed to be the date of completion of the Disposal) or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least £6 million), failing which, the Company's ordinary shares would then be suspended from trading on AIM. After six months of suspension, the Company's Ordinary Shares would then be cancelled from trading on AIM. The Company is currently in ongoing discussions with a number of potential reverse takeover targets. The Board believes that there is a reasonable chance that the Company will undertake a reverse takeover within the permitted six-month timeframe. Consequently, at this time, the Board does not have plans to re-admit the Company to trading on AIM as an investing company. The Company will make further announcements as appropriate.
SugaToyBoyDaddy
02 Oct 2016
Director resignation Director resignation The directors of Tricor announce that Mike Roberts has resigned as a Non-Executive Chairman of the Company with immediate effect, in order to pursue his other business interests. The directors would like to thank Mr Roberts for his contribution to the Company whilst he was a board member and wish him well with his future endeavours. The Company are actively seeking a replacement for Mr Roberts and will update shareholders in due course.
SugaToyBoyDaddy
15 Sep 2016
another RNS Update on VAT Claim Tricor" or the "Company" Update on VAT Claim Tricor announces that, further to the announcement on 7 September 2016, the Company will accept an application for costs from Her Majesty's Revenue and Customs' ("HMRC" of the First-Tier Tribunal proceedings. The amount is still undetermined and the Company is under no obligation to accept the amount once received. The Company will make any further announcements as appropriate once the full amount to be paid is determined.
SugaToyBoyDaddy
07 Sep 2016
RNS Update on VAT Claim Update on VAT claimWed, 7th Sep 2016 17:45RNS Number : 2458JTricor PLC07 September 2016 The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR". Tricor plc("Tricor" or the "Company" Update on VAT Claim Her Majesty's Revenue and Customs ("HMRC" have made an application to the Upper Tribunal (Tax and Chancery Chamber) for their legal costs in regards to the Company's appeal proceedings for an amount of £38,885.90 (including VAT). The Upper Tribunal has invited the Company to respond to HMRC's application for costs in relation to the Upper Tribunal appeal by 20 September 2016. The Company's position in respect of HMRC's previous application for costs of the First-Tier Tribunal proceedings is presently undetermined and the Company is awaiting further advice on this. As announced on 2 September in the Company's final results for the year ended 31 March 2016, subject to whether any further appeal is successfully made, the Company has made a provision for the prospective liability for the costs incurred by HMRC for the legal costs of £100,000 in the Company's current year's accounts. The Company is considering the implications of the decision with its lawyers and is awaiting further advice from them. The Company will make any further announcement as appropriate.
SugaToyBoyDaddy
03 Sep 2016
Re: Another RNS today There was a lot of info to get your head around in those 2 RNS. not so sure its good news really,but as the main issue seemed to be the lack of permits,I suppose the iron sand plant without the permit is as much use as a chocolate tea pot.It seems they are passing Tricor minerals over to KGGD to clear debts and costs and also to stop KGGD taking adverse actions,there is also an agreement added that sounds like Tricor would get 50% of the profits for a year from the iron sand, But without any permits,50% of nothing is nothing.QUOTED(TEPL and KGGD also entered into a new operating arrangement, whereby, both parties will work together on a 50/50 profit sharing basis once the necessary permits for the iron sand processing plants are secured. Such arrangement will continue for one year, the extension of which will dependent on the performance of KGGD during the year.Not sure how KGGD will succeed in getting the permits where Tricor minerals didn't,as KGGD have already been managing Tricor minerals I believe as seen Quoted( It was agreed from the outset that KGGD would be responsible for managing and funding TMPL. To date)
SugaToyBoyDaddy
03 Sep 2016
Another RNS today Final ResultsFri, 2nd Sep 2016 13:43RNS Number : 8490ITricor PLC02 September 2016Final results can be viewed on the LSE link below.[link]
SugaToyBoyDaddy
03 Sep 2016
Re: Todays RNS EXPECTED TIMETABLE OF PRINCIPAL EVENTSDate of this document2 September 2016Latest time and date for receipt of Forms of Proxy 10.00 a.m. on 27 September 2016General Meeting11.00 a.m. on 30 September 2016Expected date of the completion of Transaction5 October 2016
SugaToyBoyDaddy
03 Sep 2016
Todays RNS Proposed Transaction and Notice of General MeetingFri, 2nd Sep 2016 13:30RNS Number : 8486ITricor PLC02 September 2016 Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR). Tricor plc("Tricor" or the "Company" Proposed sale of the plant and equipment of Tricor Minerals Pte Ltd to KGGD Pte Ltd and the new operating arrangements between Tricor Environmental Pte Ltd and KGGD Pte Ltd and Notice of General Meeting Tricor (AIM: TRIC) announces that it has entered into a conditional sale and purchase agreement with KGGD Pte Ltd ("KGGD" and Dunamis Mining Pte Ltd ("Dunamis" whereby KGGD will acquire the iron sand processing plant and equipment of Tricor Minerals Pte Ltd ("Tricor Minerals", a 72 per cent. subsidiary of the Company. In addition, Tricor Environmental Pte Ltd ("Tricor Environmental", a wholly-owned subsidiary of the Company, has entered into a new operating arrangement with KGGD. The disposal and the new operating agreement together form the Transaction. The Transaction is conditional, inter alia, on the approval of shareholders at a general meeting of the Company to be held on at 11.00 a.m. on 30 September 2016 at 11 Collyer Quay, at 14-06 The Arcade, Singapore 049317 (the "GM", further details of which are set out below. A circular (the "Circular", containing information in relation to the Transaction and convening the GM, is expected to be sent to shareholders on 5 September 2016. The Circular will be available on the Company's website at www.tricor-plc.co.uk in due course. Proposed sale of the plant and equipment of Tricor Minerals to KGGD and the new operating arrangements between Tricor Environmental and KGGD and Notice of General Meeting 1. IntroductionThe purpose of this letter is to provide you with the background to and the reasons for the Transaction. In addition, it explains why the Directors consider the Transaction to be in the best interest of the Company and Shareholders as a whole and why they recommend that Shareholders should vote in favour of the Resolution to be proposed at the General Meeting. The Company announced today that it has reached an agreement in principle with KGGD and Dunamis with regard to Settlement Agreement 1 and Settlement Agreement 2: Settlement Agreement 1In exchange for a full and final settlement amongst the Company, TEPL, KGGD and Dunamis, the parties have agreed in principle on the Settlement Agreement 1. Based on the Settlement Agreement 1, upon securing the Mineral Processing Permit ("MPP", TEPL will work exclusively with KGGD in relation to the iron sand operations for one year on a 50/50 profit sharing basis, the extension of which will be dependent on the performance of KGGD during the year. Settlement Agreement 2In conjunction with Settlement Agreement 1, TMPL and KGGD have also agreed to a conditional sale and purchase agreement to transfer the ownership of TMPL's iron sand processing plant and related equipment to KGGD in exchange for KGGD and Dunamis' agreement to write off the entire amount owed by TMPL to both these parties as of the signing date of Settlement Agreement 2. The Disposal constitutes a fundamental change of business of the Company pursuant to Rule 15 of the AIM Rules. Accordingly, the execution of the settlement agreement is subject to, inter alia, on the approval of Shareholders at the General Meeting, notice of which is being sent to shareholders on 5 September 2016. Following the Disposal, the Company will be classified pursuant to Rule 15 of the AIM Rules as an AIM Rule 15 cash shell. The Company will be required to make an acquisition or acquisitions which constitute a reverse takeover transaction under the AIM Rules within six months of becoming an AIM Rule 15 cash shell (which will be deemed to be the date of compl
SugaToyBoyDaddy
20 Aug 2016
Re: two bits of news The directors of Tricor announced that Chris Morgan has resigned as a Non-Executive Director of the Company with immediate effect, in order to pursue his other business interests.It was also announced a while ago on a NOVA rns, the company's only Non-Executive Director, Ajay Rajpal, has also resigned with immediate effect, leaving Chairman Chris Morgan as the company's only board member.Maybe dealing with Nova is the other business interest for Chris Morgan.
SugaToyBoyDaddy
19 Aug 2016
a strange carry on There seems to be some confusion over the share price today as Lse shows current price of 0.25p down 37.50%(II )shows current price of 0.25p down 37.50%Discussthemarket shows current price of 0.25p down 37.50%Yahoo finance shows current price of 0.41 Up 0.16 plus(64.00%) 29 Jul 11:15It was all weird yesterday too.
SugaToyBoyDaddy
19 Aug 2016
RNS today Issue of Unsecured Convertible Loan NotesFri, 19th Aug 2016 090RNS Number : 6479HTricor PLC19 August 2016 Tricor plc("Tricor" or the "Company" Issue of Unsecured Convertible Loan Notes Drawdown on Reed Works Working Capital FacilityTricor announces that the Company has drawn down the remaining £40,000 under the £50,000 working capital facility provided by Reed Works Limited ("Reed Works". The Company will issue £40,000 of 0% unsecured convertible loan notes (the "Tranche 2 Notes" to Reed Works in exchange for the £40,000 working capital funding. On 15 January 2016, the Company announced that it has drawn down the first £10,000 of working capital from Reed Works and Reed Works was issued £10,000 of 0% unsecured convertible loan notes (the "Tranche 1 Notes". The facility drawn down will be used to fund the working capital needs of the Company.Under the terms of the facility agreement with Reed Works, details of which are set out in the announcement on 23 December 2015, the Company is entitled to draw down the full £50,000 facility within 6 months from 23 December 2015, i.e. on or before 22 June 2016. In order to enable the company to draw down the remaining £40,000 working capital facility, Tricor and Reed Works have entered into a variation letter to extend the facility period to 31 August 2016.The Tranche 2 Notes may be converted at the discretion of the Company or Reed Works at any time on or before 31 December 2018 in whole or in part into new Ordinary Shares at the conversion rate of 0.3p for each Ordinary Share. Upon conversion of the Tranche 1 and Tranche 2 Notes, Reed Works will be issued 16,666,666 Ordinary Shares (representing approximately 9.0 per cent. of the current issued share capital) and 66,666,664 warrants (representing approximately 35.9 per cent. of the current issued share capital). These warrants can be exercised at any time up until 31 December 2018 at an exercise price of 0.3p per warrant. Subscription of Additional Unsecured Convertible Loan Notes by Reed Works In addition, Reed Works has the right, but not the obligation, to subscribe for an additional £250,000 of unsecured convertible notes at any time until 31 December 2018 upon the same terms and conditions as the Tranche 1 and Tranche 2 Notes. On 10 August 2016, Reed Works sent the Company a notice, exercising their right in subscribing to an additional £30,000 of 0% unsecured convertible loan notes (the "Tranche 3 Notes". Upon conversion of the Tranche 3 Notes, Reed Works will be issued another 10,000,000 Ordinary Shares (representing 5.4% of the current issued share capital) and 40,000,000 warrants (representing approximately 21.5 per cent. of the current issued share capital). These warrants can be exercised at any time up until 31 December 2018 at an exercise price of 0.3p per warrant. If Reed Works exercises its right to subscribe to the additional £250,000 in full, together with the first £50,000 subscribed (Tranche 1 and Tranche 2 Notes), conversion of these Notes in full would result in the issue of 100,000,000 Ordinary Shares and exercise of the Warrants in full would result in the issue of 400,000,000 Ordinary Shares which, in aggregate, would represent approximately 72.9 per cent. of the as enlarged issued Ordinary Share capital of the Company (assuming that no other Ordinary Shares are issued and none of the other warrants already issued by the Company are converted). The Notes cannot be converted and the Warrants cannot be exercised if it would result in the Noteholder and its concert parties holding, in aggregate, interests representing 30% or more the Company's issued share capital or would otherwise trigger rule 9 of the Takeover Code.
SugaToyBoyDaddy
18 Aug 2016
two bits of news 1) Director resignationThe directors of Tricor announce that Chris Morgan has resigned as a Non-Executive Director of the Company with immediate effect, in order to pursue his other business interests.========== ========== ========== ========== ========== ========== ======2)Update on VAT claimThu, 18th Aug 2016 070RNS Number : 4878HTricor PLC17 August 2016 The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR". Tricor plc("Tricor" or the "Company" Update on VAT Claim The Company has been informed that the Upper Tribunal (Tax and Chancery Chamber) has rejected the Company's appeal to reclaim £1,847,976.70 of input VAT plus any interest and costs. The Company has until 2 September 2016 to make any application for permission to make a further appeal to the Court of Appeal in England & Wales. The Company is considering the implications of the decision with its lawyers and is awaiting further advice from them. Subject to whether any further appeal is successfully made, the Company has a prospective liability for the costs incurred by Her Majesty's Revenue and Customs for the appeal and HMRC has made an application to the Tribunal for an order for those costs, which are presently unquantified, to be paid by the Company.
SugaToyBoyDaddy
18 Aug 2016
Re: Bien Kiat Tan and Lai Fatt Loo There was some strange goings on today with the share price, The last buy trade here on the 29th July 2016 for 0100,000 shares @ 0 .41p appears to have today been changed to a sell.
nicname
17 Aug 2016
Bien Kiat Tan and Lai Fatt Loo You couldn't make it up could you!!Where do they find these jokers??
