Gulp. gross profit 7% on turnover equals 5.243m overheads 10.782m needing a turnover of 155m to break even . directors pay up nice one guy's ashok loan higher (3.36) 2012 (5.2)m 2013 @ 8% over the boe interest rate all in all the SP makes more sense ever day .
In the annual report, it says that current order book, ie end July/ start August 2013 is 20.2m. Would anyone care to make an estimate of how many units this represents, please? Report says this was up from 12.2m at end March 2013. Thanks.
2013 Annual general meeting of Optare plc (the “Company”) continued 2. Business to be transacted at the AGM continued Special resolution 3 – Authority to allot shares and disapplication of pre-emption rights A special resolution is proposed which will allow the Directors of the Company to issue shares or grant options over shares and/or other rights to subscribe for, or convert any security into, shares in the Company to Directors or employees (including Non-executive Directors) of the Company and its subsidiaries, without first offering them to existing shareholders in proportion to their existing holdings, up to a maximum nominal value of £44,706 (44,706,000 shares). This represents approximately 2% of the Company’s issued ordinary share capital as at the date of this letter. In addition, this resolution will give the Directors power to allot sufficient shares, or issue sufficient warrants to subscribe for ordinary shares, to Ashok Leyland Ltd and its associated companies, to maintain their aggregate holding at 75.1% of the Company’s then-issued ordinary share capital (as enlarged by the issue of further shares pursuant to the power and authority conferred by this resolution). This means that up to 134,837,000 shares could be issued to Ashok Leyland Ltd and its associated companies if the full amount of 44,706,000 new shares were issued to Directors and employees. The Board’s intention is that any shares issued to Ashok Leyland Ltd and its associated companies will (to the extent practicable) be at the same issue price as those issued pursuant to this power and authority to Directors and employees. 3. Action to be taken You are entitled to appoint one or more proxies to exercise all or any of your rights to attend, speak and vote at the Annual General Meeting on your behalf. You will find enclosed with this document a Form of Proxy for use in connection with the Annual General Meeting. Whether or not you propose to attend the Annual General Meeting in person, you are requested to complete and return the Form of Proxy to the Company’s Registrar, Capita Registrars Limited, PXS, 34 Beckenham Road, Kent BR3 4TU, as soon as possible and, in any event, so as to be received no later than 10.00am on 20 September 2013. Completion and return of a Form of Proxy will not stop you from attending the Annual General Meeting and voting in person should you so wish. 4. Recommendation The Directors consider that all of the resolutions to be proposed at the AGM are in the best interests of the Company and its shareholders as a whole and unanimously recommend that shareholders vote in favour of all of the resolutions, as the Directors intend to do in respect of their own beneficial holdings. Yours faithfully John Fickling Non-executive Chairman
2013 Annual general meeting of Optare plc (the “Company”) 1. Introduction I am pleased to be writing to you with details of the Company’s 2013 annual general meeting (“Annual General Meeting”/“AGM”) which we are holding at the Company’s registered office, Unit 3, Hurricane Way South, Sherburn in Elmet, North Yorkshire LS25 6PT on 24 September 2013 at 10.30am. The formal notice of the Annual General Meeting is set out at the end of this document.
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