as I have said before they are nothing short of rich gangsters who will do this type of thing again and why !!! because they can and are aloud to get away with this disgraceful behaviour towards minority holders. the lse should team up with exchanges like south Africa and Zimbabwe and hang their heads I as a long term investor have completely lost trust in the entire system 17 years investing over and out
Shame on you lse and all connected with this fiasco enrc now this your becoming a laughing stock within your licensed casino confidence in whole system is waning away no justice for the innocents whilst the gangsters get richer and walk away not affected its that easy pathetic its uk not zimbabwe
At present Essar prices I have lost a lot of my Isa pot. If I dont sell before the dates that have been muted will I loose more ?
Form 8.3 - ESSAR ENERGY PLC BARCLAYS PLC FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the ?Code?) 1. KEY INFORMATION (a) Identity of the person whose positions/dealings are being disclosed: � Barclays PLC. (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient � � (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree � ESSAR ENERGY PLC (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: � � (e) Date position held/dealing undertaken: � 30 April 2014 (f) Has the discloser previously disclosed, or are they today disclosing, under the Code in respect of any other party to this offer? � NO 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security: � � � ORD � � � � � � Interests � Short Positions � � Number (%) Number (%) (1) Relevant securities owned and/or controlled: 1,492,484 0.11% 473,438 0.04% � � � � � � (2) Derivatives (other than options): 364,593 0.03% 887,986 0.07% � � � � � � (3) Options and agreements to purchase/sell: 0 0.00% 0 0.00% � � � � � � (4) TOTAL: 1,857,077 0.14% 1,361,424 0.10% � � � � � � Class of relevant security: � Convertible Bond XS0582769872 � � � Interests � Short Positions � � Number (%) Number (%) (1) Relevant securities owned and/or controlled: 4,500,000 0.82% 0 0.00% � � � � � � (2) Derivatives (other than options): 0 0.00% 0 0.00% � � � � � � (3) Options and agreements to purchase/sell: 0 0.00% 0 0.00% � � � � � � (4) TOTAL: 4,500,000 0.82% 0 0.00% If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Class of relevant � Purchase/sale � Number of � Price per unit � security � securities � ORD Purchase 1,186 0.6746 GBP ORD Purchase 2,928 0.6720 GBP ORD Purchase 9,690 0.6741 GBP ORD Purchase 13,574 0.6724 GBP ORD Purchase 18,452 0.6737 GBP ORD Purchase 65,425 0.6742 GBP ORD Purchase 500,000 0.6726 GBP ORD Sale 2,390 0.6718 GBP ORD Sale 2,754 0.6710 GBP ORD Sale 4,241 0.6719 GBP ORD Sale 15,024 0.6727 GBP ORD Sale 75,406 0.6725 GBP � (b) Derivatives transactions (other than options) � � � Class of Product Nature of dealing Number of Price per relevant description reference unit security � � securities � ORD CFD Long 5,684 0.6760 GBP ORD SWAP Long 37,546 0.6720 GBP ORD SWAP Long 51,441 0.6725 GBP ORD CFD Short 1,186 0.6746 GBP ORD SWAP Short 13,574 0.6722 GBP ORD SWAP Short 45,818 0.6731 GBP ORD CFD Short 47,749 0.6752 GBP (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying Class of relevant security � Product description e.g. call option � Writing, purchasing, selling, varying etc. � Number of securities to which option relates � Exercise price per unit � Type e.g. American, European etc. � Expiry date � Option money paid/ received per unit (ii) Exercising Class of relevant security � Product description e.g. call option � Number of securities � Exercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant security � Nature of dealing e.g. subscription, conversion � Details � Price per unit (if applicable) The currency of all prices and other monetary amounts should be stated. Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: If there are no such agreements, arrangements or understandings, state ?none? NONE (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state ?none? NONE (c) Attachments Is a Supplemental Form 8 (Open Positions) attached? � NO Date of disclosure: � 1 May 2014 Contact name: Rajesh Muthanna Telephone number: 020 3555 4634 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]. The Panel?s Market Surveillance Unit is available for consultation in relation to the Code?s dealing disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel?s website at www.thetakeoverpanel.org.uk.
Essar would have to make a public ANNOUNCEMENT to all share holders letting them no this offer is Now unconditional, at this point u must considers yr position VERY carefully! because if u do not accept offer BEFORE they delist yr share shares will be put onto a Certificate and u will have to deal directly with the Private owners. I'm staying in until the ANNOUCEMENT! well no around the 8th, if this offer is unconditional, fingers crossed they do not get the 90% and the FCA has some positive input. Good luck ALL.
Just spoke with a adviser at Halifax and she told me Essar Brov's need 90% of the shares, when they have it Halifax will stop trading their shares and the will go public.
RE: Selling... I sold my shares last week too for about 67p and made a big loss for the same reasons as MrGoogle. The Bozo brothers cannot and will not increase their offer, this is now a dead share! You will only make money off Essar Energy by dipping in and out. But with the problems in Russia having a knock on effect on world markets forcing prices down in some companies I'd find something else to invest in at a good price as long term it will be a better investment than Essar Energy.
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