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What a marathon. https://www.londonstockexchange.com/news-article/DVRG/publication-of-offer-document-rule-15-letters/14718618 The Offer Document is finally published, with first closing on 3rd November.
ermmm............!
meant see you on DVRG........ :()........
All the best (well I tried :)
This week SS17, one down 4 to go............ :)
All the best (see you DVRG........ :()
Dvrg closing price was 31p, for 100k MWG you will get 10k dvrg shares with value of £3,100. I’m hoping once both merged, consolidated sp will hit £1. We have seen already it hit 60p+... nothing fundamentally changed since then! I’m holding both ;DYoR
For those that know the history of this share .. I think even sunup will be happy with their investment. Fingers crossed!
Thanks Chesh and Bumble
The offer was originally a 1 for 1 all equity share deal - which would allow the shares to continue trading, otherwise they'd have been suspended. Because SKIN then consolidated it's shares 10/1 - the offer will now be for every 10 MWG shares, you get 1 DVRG share. The SP doesn't really come into it - for every 10 MWG shares I hold, I'll get a DVRG share, and the value of that will be whatever it's trading at on the day....which IMO will only be going up up up! (I hold both DVRG and MWG).
It's a share offer Derby, not a cash offer..........!
you will get like for like (but consolidated 10:1) shares in DVRG for your MWG share holding.......!
the 4p is how they valued the co. at the time........ hense 1 for 1 shares.......!
All the best (hope that helps :)
The money figure quoted is irrelevant. Only intended to be indicative. Offer was saying MWG and SKIN shares would be treated as having equal value. Or in event of SKIN consolidation then 10 MWG = 1 SKIN (now DVRG). Nothing changes with price movements.
If the offer is 4p per share why is the current price 2.6p? Does the the offer RNS really mean 1 for 10 shares irrespective of price or 4p? Surely it’s about the price for the company of £21m so surely 4p? What am I missing?
I fink anyone that buys SKIN@65p are great............. :()
Can't argue with that.......... until after the merger........ ;()
All the best (they are a fund........... :)
has anyone come across Trium Capital before? Who are they?
Looks like they're still buying. We should hear from them after hours.
I wonder whether DVRG will have to up the offer now that their SP is 30% below the original price. One DVRG share for seven MWG shares perhaps? Roll on Friday.
Trium Capital increasing its stake.
The publication of the offer document was delayed until this Friday so that SKIN could morph into DVRG. The renaming us now complete, so the updated document should be with us by Friday.
Yeah I’m amazed some are paying 32p for DVRG when you can buy here for 10% cheaper.
We're lagging behind: DVRG currently at 32p and flying. Bring on the forties!
No, not stupid, just greedy. :-)
Didn’t mean to sound rude but the MMs are not stupid.
Of course the MMs have realised, they’re making the market FFS.
We should be tracking DVRG share price now. They are at 31p at the moment, so 3.10p is coming here shortly. I think the MM's haven't realized yet that Integumen is no more and brand new DeepVerge is born!
Have a butcher's at DVRG. SKIN is so passé... :-)
Saw this on Skin board
https://www.yorksciencepark.co.uk/aptamer-group-advances-covid-19-testing-capabilities-with-integumen/
Will the takeover by Integumen plc go ahead as only the board of Modern Water has accepted the offer based on the original offer at 2.8p all share offer. Current mid price of Modern Water is 2.75p therefore there is no benefit to shareholders.
The MWG board only own 4.3 million, other shares are the corporate share holders who own 126.3 million
main holder Helium rising stars fund with 71m, do we know how they are voting, other corps
own between 1.8m to 16.5 m ,there are 10 other major holders.
Will Integumen make a new offer if this original offer was when Integumen was at a non-consolidated price of 4.05p a 44% increase now we are -2.5%
Presumably SKIN board.
Tried to add some MWG earlier but couldn't get quote for trade.