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This is a friendly message from myself to all fellow shareholders in Zoltav.
When the Tender offer was made, I tried to weigh all possibilities, all pros and cons of accepting the offer, as well as those of retaining my shares.
Initially, I decided to Tender half my shares and keep the other half.
However, due to the reasons below, I have now decided to Tender all my shares.
1- In a statement by the Foreign Secretary today (26 Jan 2022) she stated that if Russia was to aggress against the Ukraine, severe economic sanctions will be imposed. This we have been hearing for the last few days, but it is what she added that made me re-think my strategy. She said that these sanctions will not only fall on Russia, but on a number of Russian companies, and high profile Russian individuals.
We know that Zoltav is largely owned by Russia's Arkady Abramovich.
We do not know the exact nature of the contemplated sanctions, but it is very possible that it would include freezing of assets.
2- If this happens, not only would be holding shares in a company that is not on any market, but a company that may be frozen out of the International markets.
Had the political climate been different, I would have taken the risk of holding on to half my shares in ZOL. But the current developments made it a no brainer for me.
---------------------------------
I am posting this message in case it may of use to all fellow shareholders. At the end of the day, you should do what you think is best for you and your interests.
Last day of the Tender offer is the 31st Jan 2022
I wish you all the best.
Robson
i got done in a similar way with quintain estates. basically if people like me can see this is a good investment so can most others with more intellect and power than me , but they don't buy a thousands of pounds worth, they buy the whole company.
Ocado seems to be one of the few companies that have let long term investors reap the benefits of taking the initial risk of investing.
This being an AIM share I feel getting 25p a share is actually pretty decent of them. all the best to you all.
seems to be accept the tender offer or continue to hold shares which will have no recognised value or marketability.
At least there's 25p on the table!
Siennaj, it is not a scam. My shares are with HSBC, and the letter was from them. I did call them and they confirmed.
You can also get confirmation on the Zoltav site (https://www.zoltav.com/)
You can read about the Tender Offer on their site.
My broker has yet to advise receipt of any letter. From what we have been told you get 25p or hold a delisted share which I don't see as being acceptable. So it's 25p for something I bought at 90p
Robson. Where is the letter from? My shares are with lloyds? I'd be happy with that but is it a scam?
Your prophecy came true - what happens after de-list?
any thoughts?
Have you guys received letters today about the offer made by Zoltav to buy our shares at 25p a share?
What's this all about?
I phoned by broker and they said there is another letter in the post saying that Zoltav will cease to trade on the AIM exchange in February 2022!
Any opinion from anyone ?
has this nicely stitched up. Only willing buy at 20.5 and selling no lower than 24.5
Guess any remaining holders obliged sit on their hands for now.
What a pity , I had high hopes for ZOL.
everything smells here .
Now holds 90% of shares here I’d say a premium offer is coming prior to de-list.
I’d say now AA has finalised the share purchase a decent offer will be forthcoming for the remaining shares
this morning is not very encouraging. Are we being sold down the river ?
I first bought into Zoltav back in 2011 simply because I thought the father would not let the son go tits up. I even bought more in 2014 !
Really unsure as to what to do now.
Any thoughts/ideas ?
it would tarnish reputation .
I Dont think they care..
to me its game over here..will delist.. and thats that.
would be an offence to Abrams clan .
It should be noted that the terms of both project finance packages potentially available to the Company include conditions which are likely to restrict intra group transfers and cash outflows from the Group's main operating subsidiary, Diall Alliance. As a consequence, the Company would be unable to maintain the listing of its ordinary shares on AIM on an ongoing basis. Further updates will be provided in due course."
I notice results were good but they said the loan could not be refinanced or repaid. Surely the Russian mafia that are possibly involved here could repay that loan in cash ??
No. I've sold out and moved onto sar. Seems more exciting and more potential. I'm not sure where zoltav is going. It's a strange one.
Have you bought any more Stevebru?
I know nothing ... I am from Barthaloana .....
Yes I'm here. I sold out a while ago as sp dropped but dipped but back i n today since sp started moving back up this week. Only 3000 shares but n t to buy. Is Abramovich s son still involved do u know?
Anyone here among the living !
Does anyone know why we are having a rise in SP these days?
Any info would be appreciated, thank you.
Delay to the Notification of Interim Results for the Six Months Ended 30 June 2020
Zoltav (AIM: ZOL), the Russia-focused oil and gas exploration and production company, announces that, pursuant to the guidance published by the London Stock Exchange in respect of the temporary measures for the publication of half-yearly reports for AIM companies pursuant to AIM Rule 18 of the AIM Rules for Companies, the Company intends to utilise the additional one month period to prepare and notify shareholders of the Company's interim results for the six months ended 30 June 2020. As such, the Company will release its interim results no later than 30 October 2020.