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That would be great for me having bought mine for 6p. I would make 17 times my holding in profit
Relist at a quid would be nice.
I do not know, but I have emailed London Stock Exchange for further clarification on latest information, and they have promised to get back to me this week
New management:
Please relist FIN so I can sell my shares and bid you farewell.
It’s been suspended for far too long!
Get your fingers out of your ass and sort this out!
New management:
Please resist FIN so I can sell my shares and bid you farewell.
It’s been suspended for far too long!
Get your fingers out of your ass and sort this out!
- it’s end of the road for us- this is the way I read this:
1) it’s clear that new investors want to delist - only then would the change of ownership happen.
2) now since it has been rejected there are only two options left - the board ex owners should agree under a special board resolution to delist- which I think they won’t(else they could do this long time back)- if that does not happen then the only option left is to put it under administration.
Spoke to my stockbroker Hl today about it as my fin shares with them
They were absolutely clueless about, and they are supsed to be the experts
Cannot speak to London stock exchange about it if anyone can ask them to verify what happens next?
Final piece I don't understand is. What does the stock exchange expect of finablr plc ? Are there time limits , will they force finablr to unsuspend the stock trading. From finablr point of view is it likely they issue me stock under wizz financial umbrella, the company and business has changed hugely since finablr were bought out (for one dollar) If anyone reading this knows please advise
This is how I see it. I'm not an expert but I am a shareholder.
1. It's obvious the new owners want to de list.
2.FCA said no. (Good for shareholders)
3.Finablr plc can and may appeal (I'm reading around that not many appeals succeed)if it's successful, they will delist.
4.FCA said finablr can only delist if the get the ok from shareholders ( I think many shareholders would not vote to delist)
5.if anyone familiar with company law reading this please let us know if we are missing anything here. I still have some hope ....
Does anyone know what is going to happen now Can london stock exchange force Finablr to relist allowing we shareholders to sell our Shares?
Rescued payments firm Finablr cannot delist in London -FCA
Reuters
1 minute read
A general view of the Canary Wharf financial district in London, Britain April 25, 2021. Picture taken April 25 with a drone. REUTERS/Kevin Coombs
A general view of the Canary Wharf financial district in London, Britain April 25, 2021. Picture taken April 25 with a drone. REUTERS/Kevin Coombs
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LONDON, Dec 16 (Reuters) - Troubled payments company Finablr has been told it cannot delist from the London Stock Exchange without a vote by its shareholders, Britain's Financial Conduct Authority (FCA) said on Thursday.
Finablr was bought by a Middle Eastern consortium and rebranded as WizzFinancial to create a regional money transfer group. read more
The company's shares have been suspended since March 2020.
Finablr's application to delist under a rule allowing firms in a precarious financial position to sidestep a shareholder vote has not met the necessary conditions, the FCA said.
Finablr has the right to refer the decision to an Upper Tribunal, the FCA said, adding it was unable to comment further on the reasons for its decision.
https://www.reuters.com/business/finance/rescue-deal-payments-firm-finablr-broke-london-listing-rules-fca-2021-12-16/
https://www.fca.org.uk/news/statements/fca-decision-notice-finablr-plc
It is shocking the way shareholders like ourselves have been treated by this company I thought when they bought Finablr 12 months ago they would relist London Stock Exchange should have forced their hand or told them to go to another exchange
Me too Bowlers. lol
I have emailed London stock exchange and wizz air holdings/prism about relisting no answer I am sorry I stupidly bought stock one day before suspension because price was only 6p
Please do share what he replied in case I ask him , I had sent him emails a couple of times to which he replied just once which was pending regulatory approval, I really don’t know why approval is pending for more than a year now
Ok T44 I miss understood your post. You could email Rob Miller for your concerns/queries he has replied me a couple of times in the past other than that it’s a wait and see.
90 percent chances are that this will delist or go into administration. It going to be , nothing in for us, unless the regulator steps in.
yes I know just asking what if.... looks like its not going anywhere...
It isn’t delisting it’s suspended.
whats happening with us after delisting? There is a huge chanse just asking what we can get?
Another worthless news.. nothing moving on ground lot of hiring on the top but no action for the last 2 years
https://in.tradingview.com/news/reuters.com,2021:newsml_L8N2SJ04C:2-moves-wizz-financial-hires-revolut-senior-exec-as-ceo/
We can only hope
This is most probably going into administration given the current situation. It’s a pity the regulator seems to be non existent in this case.