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Civex website seems to have expanded. Company was formed in February 2017 as far as I can see. Next news hopefully good. Sales to general public etc. Leed entitled to about a third of profits. Hope accounts are filed soon as penalty goes up to £1500 at end of July. Ties in with the next auction so would expect more news and accounts filed before next auction date.
The rules are that a plc must file its accounts within six months of its year end. The accounts date were extended by six months to 31st December 2016. Should be filed within six months so 30th June 2017. All companies are not allowed to extend their year end more than twice in five years to stop accounts being delayed. Does seem odd that they haven't been filed within the specified time but hopefully soon. IMO other than our investment we are basically a cash shell ready for a rto.
Not an expert but on companies house and according to their last filing record (change of accounting reference date) it states that the accounting reference period ending 30/06/2016 is extended as to extend to end on 30/12/2016, Subsequent periods will end on the same day and month in future years. I am sure someone will correct me if I am wrong but doesn't this mean there accounts do not need to be filed until the end of this year?
No reply and accounts not filed so another £750 of shareholders cash wasted. If they are trying to conserve cash every penny helps. Let's hope next news is good and soon.
Thanks Steve - - will be good to see if you get a response.
I have e mailed the company for an update. I will report any reply.
Need filing by close of business tomorrow or a penalty of £750 payable by the company.
As much as I would love to see this back on aim I can't see it happening. The bod don't seem to very eager to move things forward - disappointing at lack of info, delays etc since we've been delisted.
Good to see you are still keeping a watchfulness eye on goings on here. Regarding the annual accounts. The accounting period was extended to 31st December 2016 so due at companies house by 30th June. But as you say anythings possible. Hope for some trading news etc. A return to aim in the future would also be welcomed.
BigErn - you had any further communication from the BOD? AGM in previous communications was advised by end of June - looks like it'll be delayed. Hope the results aren't postponed - nothing would surp[rise me.
Lets hope so - we are due something at least.
Results due by 30th. Could be interesting.
Could affect the future value of the company and hence the price. Of course trading may come out of asset match and a market relistiing ipo etc may take place in the future.
The current price is totally irrelevant due to the platform it is trading on.
Agreed. Could be that what is going on could be price sensitive. Looking forward to being updated on trading etc.
What's the current price of these at the moment. The last time I saw them it was about 0.0003 I think
Agreed - something must be happening in the background otherwise why call off the auction.
A bit short and abrupt imo. Why should share auction be postponed until July. IMO something brewing reverse takeover maybe.
You still have your shares - if you wish to trade will need to do through asset match but won't be able to until July.
Hi, I bought some shares a couple of years ago, now I can see that LDP is suspended. Now that the company is re-structuring, will my shares automatically be transferred into the new company? How will I see the shares 'active'?
LEED RESOURCES PLC UPDATE (“Leed”) 21 April 2017 Leed is pleased to announce the completion of the restructuring of High Mannor Pty Ltd (“High Mannor”) as at 1st April 2017 whereupon all the business activities were transferred from High Mannor to the new operating company, Civex Group Pty Ltd ("Civex Group"). Civex Group is wholly-owned by Civex Group Holdings Pty Ltd (“Civex Group Holdings”). Leed will directly and indirectly (through its shareholding in Battalion International Limited) own approximately 33% of Civex Group Holdings. There has been insufficient time since the restructuring to give a meaningful update on the operations of Civex Group and it is also therefore premature to hold the share auction on Asset Match which had been planned for 27 April 2017. The Directors therefore consider it sensible to postpone the next share auction to July 2017. For further information, please contact: Leed Resources plc Ian Gibbs Info@Leedresourcesplc.com Charles Zorab Tel: +44 203 405 4214 Further information
No the number of Leed shares stays the same at just over 3 billion. Leed now own about a third of the limestone company as their investment in the original high manor business has been converted into shares in the new company. Hope this helps. Have a good Easter. Hope for some more news on trading sales etc soon.
excuse my ignorance.....will our shares transfer to the new company?
Expecting update before the end of the current auction on the 27th of this month.
Reverse takeover may be in the best interest of everyone. If the necessary finance can be arranged, would seem to be in the region of about £10 million. I think that Leed losses of circa £112 million could be used against future trading profits. I know the rules have changed a bit in recent years but could be a very tax efficient transaction if the rules allow it. I will look into further and report back my findings. More good news soon expected.