Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Official comment regarding German approval on May 5th Rns; Sepura and Hytera are in the process of assessing any potential impact of this notification on the completion of the Acquisition and will be engaging with BMWi. A further update will be provided in due course. Official comment from yesterday rns; Sepura and Hytera are now working towards completing remaining regulatory steps, and the Acquisition, by around the end of May 2017 and a further announcement confirming the timetable will be made in due course
Why would sepu state that they expect to complete the deal by end of May if there was still significant risk? If there was doubt with the Germans they would not have stated end of May. They would have stAted the good news regarding the UK and as per previous RNS would have stAted that further news regarding German approval would be released in due course.
I sincerely hope you are correct about the BMWI but only time will show how benevolent the Germans are towards this Takeover. Gla.
It has been previously reported that the German approval could be EASILY negotiated. The UK was the biggest hurdle. This should trade at a very small discount to takeover price on Monday.
This is clearly interpretation on my part but I think the implication is that Hytera and the Germans have agreed in principle to some sort of undertakings, along the lines of the UK solution - so Hytera will undertake to keep maintaining existing Sepura kit in use by German states and perhaps supplying new kit for a period of time. Perhaps also restrictions on who can access any information/technology deemed "classified" by the Germans. In this scenario the reason they expect to complete about the end of May is they have to negotiate the precise details of the undertakings. I also think there is an implication that the lenders have agreed to defer the covenant tests until at least the end of May. So it could still go wrong if the negotiations go badly but Hytera has shown in the UK undertakings that it is prepared to accommodate (presumably) similar concerns for the UK government so I would have thought they are pretty confident of success. I suppose if you wanted to spin things negatively you could suggest that they only put the end of May in the rns because they think the lenders will pull the rug if they haven't done a deal by then so they have to get it done by then, even though they still don't know whether the Germans are going to insist on a formal and lengthy review. But I really think that would be stretching things a bit - and very close to the line of deception. Absent any new information I would be surprised if it doesn't open fairly close to 20p on Monday.
They refer to it in the subject but then appear to give no further info. I would expect to see something like 'Federal Ministry of Economic Affairs and Energy in Germany (Bundesministerium für Wirtschaft und Energie ("BMWi")' had confirmed no further investigation etc. etc. but there is nothing in the RNS. I believe it will go through, but I reckon the Germans will want two weeks to scrutinise before allowing it through.
So what does it mean for the German approvals? Confused.com
No ACTUAL reference is made to the Germans. You may see one in the inferences however there is no actual comment on their potential public interest enquiry, and they have more vested interest than the UK as tetra has a longer useful life in Germany than the U.K. (We are going LTE fast than Germany) Great news but beware of confirmation bias!
No Botmagic, Think your wrong, All the best (Sepura plc ("Sepura") and Hytera Communications Corporation Limited ("Hytera") announce a further update in respect of UK and German regulatory approvals in connection with the Acquisition announced on 16 December 2016 and described in the scheme document published by Sepura on 16 January 2017 (the "Scheme Document").
MASSIVE! wiggly I see it! All the best (and GLA)
Germans definitely not gone. They are still to formally announce whether they will actually launch a public intrest probe. Look at the 9p prices when they announced their intention. End may is far from guaranteed. Those who have been in since Sep know that when you're expecting good news, bad news can come out of nowhere. Have a great weekend whatever you're all doing!
The rns state's that it is an update on both the German and UK approvals and goes on to say that the deal Will be done my end of May MASSIVE
Germans gone then? Just a thought! or have I missed something? All the best (and defo GLA)
Seen enough dips.... this is it now!!!
Yeah. I sold 10k before the close. Gotta be realistic, this stock will probably drop once more before it completes
But let us not get carried away,many a slip between cup and lip.
Get in!!!!!..... that kind of language mean this happening. I'm at 13p....... quickest 50% I ever made! Well done al!!
The easiest money I've ever made! Why on earth more did not buy while they had the chance this week!
Sepura and Hytera are now working towards completing remaining regulatory steps, and the Acquisition, by around the end of May 2017 and a further announcement confirming the timetable will be made in due course
Perfect. Just what was needed. Look forward to the open on Monday.
Excellent thanks Botmagic..... :-)
Completion timetable is end of may
Looks like the RNS poster has left early and gone to the pub . Doh :-(
Excellent news. Now over to the lenders I guess. Please can we have an rns publicising the UK decision and saying that the lenders have agreed to further defer the covenant tests while German undertakings are negotiated?
Published in UK website