To update you, I did get a reply but it came from the PR man.
Would not confirm If Howe benefitted from The sale of Hampton nor how Howe acquired his initial tranche (majority) of his shares so I leave that to you. Was told the information was available on the site of the transaction but that only provides a limited information.
On asking for Howe to step down was told he has the full confidence of the board and his bio is on the website.
To put some context he has taken $2.5m out from this company, the accounts show he was a holder of the vast majority of his shares in 2010 but it does not appear that he acquired these but have asked him to clarify. Hampton was sold in stages to metminco with a mixture of shares and cash (look at the 2010 accounts) Howe can be seen to have acquired shares in 2015 and did not participate in prior years. I am more than happy to be corrected but that is from what I can see from the… Read More
(a) The Company has a large number of Shares on issue due to historical equity-based capital raisings. For that reason, and in contemplation of probable future issues of Shares, the Board believes that the consolidation is necessary for the Company’s share capital to be comparable to its peers, in terms of similar sized companies in the same sector
Give it 2 years and we will be back from the consolidated figure of circa 82 million shares to 4 billion
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