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232 days ago they issued an RNS which included a paragraph in which they stated they are going to turn their full attention to the tax implications for shareholders and the RNS does not include anything about this very important issue!
AGE
I Can Uncross Everything Now !!!
SCE2
Yes
Does any one know what to do i f you bought the shares via T212 platform?
1.8 - 2.0
Hold he shares. Take the dividend and hold shares worth about 0.4-0.5p
Many will buy this up to 2.0 pence tomorrow early morning to get on the register. They will hope to get the 1.8 and still hold the shares.
HL is a nominee. Just sit back and wait for your cash. Hold and keep the shares.
If you bought your shares through for example Halifax either as ordinary or ISA I would expect the they will receive the dividend payment and notify account holders via corporate actions ??
2.3 pence value. Hold, take the 1.8 and then keep the value of 0.5p or more on a good reverse take-over.
Slowlyslowly/Gazzleberry
I'm sure you're both right but but its wording like this "......completion of the Disposal" that solicitors make a lot of money arguing over.
TDT
Why can't anything ever be straightforward with AMC....sigh.
The 6 months starts when they became a cash shell. That's to say: When they disposed of their last trading business. That was 6th March. The fact they received funds 8 days later is irrelevant - from 6th March, the company was not trading, simply a dormant company holding cash. 8 days later the amount of cash increased, but they became a shell on 6th. So they have until 9th September to complete an RTO or become an investing company. Why they've waited until today to declare the dividend, I've no idea. But you'll note that the payment date of 14th June is exactly 3 months from receipt of funds, so for whatever reason they've gone for the longest time their previous public announcements allowed.
How about that three months to the day - told you he'd milk it!
Wondered myself what do i do if shares in an isa
Last para of below post:
If a shareholder does not register their bank/building society account details and/or elect to receive the payment in CREST on a timely basis, the unclaimed dividend will be held securely until the shareholder has registered the appropriate information with Link Registrars (Link). These unclaimed dividends will not accrue any interest. Periodic sweeps by Link will continue until all dividends are claimed. It is also noted that shareholders are responsible for tracking the delivered payments with their banks or CREST account nominees."
AMUR MINERALS CORPORATION
(AIM: AMC)
Dividend Declaration
Amur Minerals Corporation ("Amur" or the "Company") is pleased to provide an update on the issuance of its special dividend of 1.8 pence per share. The special dividend is to be paid out of the funds received for the sale of its Russian Federation Kun-Manie nickel -copper asset. As the funds have been sourced from a non-sanctioned entity in Russia, payment of the dividend has required extraordinary non-typical enhanced governance approaches for implementation of payment. Shareholders of record at the close of business 2 June 2023 will be entitled to payment of the dividend projected to be 14 June 2023. The shares will go ex-dividend on 1 June 2023.
Given the transaction is based on the sale of a Russian asset, a ll shareholders need to register a dividend mandate for the Amur shareholding and receipt of the dividend. This varies based on the shareholder being an ordinary shareholder or a CREST shareholder.
Ordinary Shareholders (Certificated)
Ordinary shareholders (Certificated) are instructed to register your UK bank/building society account details in advance of the dividend record date by end of business 1 June 2023 to receive your cashless dividend projected to be 14 June 2023. If you do not register your details, your cashless dividend will be retained, until valid bank/building society details are received. Periodically, Link Registrars will conduct a review to identify post 1 June 2023 registered shareholders with payment being completed at a later date.
Depository Interest Shareholders (CREST)
Those that wish to receive payment in CREST, must undertake the necessary election in CREST before the record date of 2 June 2023. If a shareholder does not register their details, the cashless dividend will be retained, until valid details are received. As with the Ordinary Shareholders, Link Registrars will conduct periodic reviews to identify registered shareholders with payment being completed at a later date.
Online : Log in to the share portal at https://www.signalshares.com and click on 'Manage your account' followed by 'My bank details' then follow the instructions. If you have not registered for Signal Shares previously you will require your Investor Code (IVC) which can be found on your share certificate(s).
By phone : Call Link Group and speak to one of the team on 0371 664 0300 and after answering a few security questions, your mandate details can be updated. *Calls are charged at the standard geographic rate and will vary by provider. If you are outside the United Kingdom, please call +44 371 664 0300. Calls outside the United Kingdom will be charged at the applicable international rate. The helpline is open between 9.00am - 5.30pm, Monday to Friday excluding public holidays in England and Wales.
If a shareholder does not register their bank/building society account details and/or elect to receive the payment in CREST on a timely basis, the unclaime
Hi,
Called SPA again as Richard and Adam have not returned my call.
Spoke to Will who stated that SPA are aware of shareholder dissatisfaction and AMC have been contacted....
Anyone else want to try to apply some pressure...
Richard Morrison and/or Adam Cowl
Tel 0203 470 0470
BB2.
" To me receipt of funds is when the six months as a cash shell starts. It is also the understanding of the company. The six months started in March"
This is also my understanding, but with Robing Young in charge, anything is possible!!!
I think you are expanding the meaning of the original message. You said:-
"Paying out shareholders funds and finding a suitable RTO are separate issues. They are not related in any way shape or form."
It's the "..... not related in any way shape or form." that I take issue with. It's the meaning of the statement in the RNS "......completion of the Disposal" that could, I'm not saying does, but could link the two. The 6 months before having to delist runs from the "completion of the Disposal". Does the "completion of the Disposal" run from the time the monies are received and in Amur's bank account or from the date the 1.8p is paid to investors. If they are having trouble, for whatever reason, finalising the small print of an RTO they would want as much time as possible to conclude things. They could therefore argue that the 6 months runs from payment of the 1.8p to shareholders. If a case can be made for it to run from this date and if they are experiencing difficulties finalising the terms of an RTO they would want to delay paying the 1.8p for 90 days.
TDT
The wording of the paragraph is not in question. Its whether the receipt of funds from the sale or paying the 1.8p triggers the 6 month period they have to conclude an RTO. If they are having trouble finding an RTO target and the paying of the 1.8p is the point at which the 6 months starts the two are linked.
TDT
Hi,
Just seem that TW has done an article regarding the lack of any RNS since 14th March.......
I have today called SPA to ask them what is going on.
If others want to do the same, the contact name and telephone number is
Richard Morrison and/or Adam Cowl
Tel 0203 470 0470
Perhaps a bit of pressure on them and they may need to get AMC to update.
BB2
Sorry, I've developed a bit of a stutter :-)
"They are not related in any way shape or form."
Whether they are or not will depend on what constitutes "completion of the Disposal". If that's receipt of funds in Amur's account then you are correct. If "completion of the Disposal" runs from the distribution of funds to shareholders then they may well be linked. If an RTO is proving to be more difficult to tie down than expected they might want to push out to the full 90 days.
They have 6 months from "completion of the Disposal" before they either have to de-list or be re-admitted to trading on AIM as an investing company under AIM Rule 8. When the clock started ticking or if, in fact, it has is the issue.
TDT
TDT
TDT
On my part.
The delay arises because they are having no success whatsoever in identifying a suitable company for an RTO and are considering calling it a day any distributing all money held to shareholders.If only!
Middle Of June is My Expectation .But with everything Crossed !!!!!!!!