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Description Consolidation-Issue New Stock
Notes Following the consolidation, shares were removed from accounts on the 10th April 2024.
IMPORTANT NOTE - If you have any questions or queries regarding this event, please send us a secure message and ensure you quote the following in the ‘Subject’ field: CORPORATE ACTION - DeepMatter Group Plc- 9794021
Updated: 12/04/24
***
DeepMatter Group Plc has announced a consolidation through which your existing shares will be exchanged for a smaller number of shares. The share price is expected to rise to reduce the impact to the market value of your shares.
Under the terms of the consolidation, your account will be credited with 1 new share in replacement for every 1,000,000,000 shares held.
Please note, no fractional shares will be issued as a result of the consolidation and your shares will be rounded down. Cash proceeds will not be issued for any fractional shares.
Due to your holding being fewer than 1,000,000,000 shares, the rounding down process will result in your entitlement being zero ordinary shares. Therefore, you will cease to hold any shares in DeepMatter Group Plc.
The consolidation is subject to shareholder approval.
To view the notice in full, please contact AJ Bell.
Further updates will be released up on receipt.
Please copy and paste the below FAQ link into your web browser for more information on corporate actions:
https://www.ajbell.co.uk/sites/ajbell.co.uk/files/AJB_Corporate_action_FAQs.pdf
IMPORTANT NOTE - If you have any questions or queries regarding this event, please send us a secure message and ensure you quote the following in the ‘Subject’ field: CORPORATE ACTION - DeepMatter Group Plc- 9794021
HNY all,
quiet board and no news I can see on DMTR
Their website has two new Blog articles;
https://www.deepmatter.io/insights/blog/artificial-intelligence-chemistry-how-ai-changing-game/
"Looking to find out more about how our AI-driven experimental insights platform, SmartChemistry®, can benefit your lab? Get in touch with our team today."
I've just opened my letter from Jarvis informing me that only shareholders holding more than a million shares will still be a client,well I hold 240 billion so it's happy day's for me.
Robbin flipper
Hi - Maybe a silly question but as shareholders - how do we find out about any progress being made by the company and how is the investment we made doing ?
Nothing on the website ........
Https://www.bbc.co.uk/news/health-65709834
“ The researchers in Canada and the US say AI has the power to massively accelerate the discovery of new drugs”
How is this company so incompetent - we should be swimming in money :(
yes it was crazy...not sure why....I decided for 300 gbp why not....i can hold 5 years it either sinks or swims...
in principle a hot area, if the Non Execs do their job would expect something to comeback....
https://www.deepmatter.io/application/files/9616/8240/3334/Deepmatter_Letter_to_Shareholders_-_Apr_23.pdf
Read to me like a million to 1 consolidation
The Group plans to raise £1million through the issue and allotment of 6,533,230,615,000,000 shares at
the Issue Price of 0.000000015306363 pence per A Ordinary Share, through Direct Subscription and an
Open Offer (the “Fundraising”). To enable this, the Company will make a slight modification to its Articles
of Association to create a new class of ordinary share with a lower nominal value.
The Fundraising is conditional, inter alia, upon Shareholders approving the Written Resolutions. The
Written Resolutions are contained at the end of this document.
In order to provide all Shareholders with an opportunity to participate in the proposed issue of New A
Ordinary Shares, the Company is providing all Qualifying Shareholders with the opportunity to subscribe
for an aggregate of 6,533,230,615,000,000 Open Offer Shares, to raise up to approximately £1 million,
on the basis of 1,000,000 Open Offer Shares for every 1 Existing Ordinary Shares held, at the Issue
Price, payable in full on acceptance. Qualifying Shareholders subscribing for their full Basic Entitlement
may also request additional Open Offer Shares through the Excess Application Facility.
In setting the Issue Price, the Directors have considered the process by which the New A Ordinary
Shares need to be offered to investors to ensure the success of the Fundraising and raise a significant
level of equity compared to the previous market capitalisation of the Group. The Directors believe that
the Issue Price is appropriate in these circumstances.
I just missed it, closed 16:30 today.
Seems to be a VERY low price unless HL got the decimal place wrong.
Wotcha Bradley!
I’ve not looked in here for ages…….
I think I mentioned that after cashing out of my holding here, my VCT provider bought me back in…….I’ll drop them an email and see if they can shed some light.
You shouldn’t let this experience put you off investing, there is money to be made!
I hope you guys are all keeping well.
:-)
anybody taking part in the current fund raise ?
Hi All, though Deepmatter are now a private company rather than listed I still hold some shares. Their website does not appear to provide any information for shareholders. I would ask that any poster aware of any developments with Deepmatter could post a notification or link on this thread so that all might be made aware of any changes. I will of course do the same if anything should come to light. Regards all - GeoChem
can only imagine the price of deepmatter if it was trading today, with chat GBT and the mainstream boom of AI , pretty sad really but pretty sure this stock was orchestrated to become what it is from the beginning
They'll probably just dilute our shares into oblivion. 2 billion new shares were allocated on 4th Jan and another 500 million on 6th Jan, the total issued shares being 6,033,230,615 at that point.
I have around 4 million shares myself but I'm not expecting much of a return, even in the long run. Pure guesswork on my part though!
This company is not for sharing... not even crumbs for us peasants
Well I am keeping my couple of bricks in a draw too. As they have been rendered worthless I've nothing to loose. One day the company will want them back and I'll get the correct price. Lol
I ll keep my 4m shares in a dusty drawer for now-- in wistful hope that the scheming owners know what they are doing.....
DMTR is still trading but has been delisted from the stock market. Have a look at recent RNSs for what happened.
I am assuming DMTR is no longer trading?
Agreed Bradley…. I can only pray that in the future, we will be rewarded nicely.
Shy91,
I dont think any of us knows whats going to happen next. Its so easy to lose money betting on casinos like this. I won't invest ever again. Its our own stupid fault .
Thanks OB.
If DMTR do one day decide to relist…. Would my shares be valid (although I’m sure they would be worthless)?
I’m still hoping one day in ten years I’ll look back at my shares and see a nice profit …. I know wishful thinking
Well dust yourself down and think of this as a learning curve my friend….
The aim is a cesspit..
depressing - and to think this was the first stock I ever purchased…..
Hi Bradley
I genuinely do hope you are feeling better?
I have not experienced anything like this so perhaps woody would be more versed in this type of thing?
My own feelings are that we have been shafted good and proper, however there appears to be some hope, the amount that my holding is worth is quite honestly next to nothing now..
Looks like it’s back to hanging doors for you and I ..
Atb
OB
So Ob, woody and northernboy what do you think will happen next ?
Good luck all those who remain invested in DMTR. Hoping that the management work in your interests and you come out of this with a profit.