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Difficult to know as this could go up too its a gamble here
After that rns, are we likely to open 80% down like the other day?
No success to delist is guaranteed.
However it does look "likely" that they will succeed.
Wish u guys the best but with a delisting so soon after a placing will put a bad taste in anyones mouth.
Sorry chaps.
You could have a situation where major shareholders have 55% of total equity voting to delist.
At the AGM you could have the major shareholders % go up considerably versus smaller shareholders.
If they were the only ones voting it would be 100% at the AGM.
Get it.
It is easier to delist this way.
They need 75% and have 55% and they say that "likely" resolutions will be passed!!!
How it works:
Any cancellation of a company’s securities on AIM will be conditional upon seeking shareholder approval in general meeting of not less than 75% of votes cast by its shareholders present and voting (in person or by proxy) at the meeting.
It is Votes cast at the AGM meeting so it does not always mean 75% of the entire issued share capital
Which makes it EASIER to delist.
The Remaining 45% is 171m shares.
To completely secure a 75% majority they need to buy 70m shares.
If they don’t buy them on the open market then to secure a rejection we need 100m shares
Mais when it was BLUR group.
https://www.investegate.co.uk/maistro-plc--mais-/rns/placing/201811131325522193H/
Placing was just in November so a delisting in May is quite shocking.
A cash shell left would be better.
Good luck.
Unfortunately it looks all over.
The equity therefore will go private.
Sorry guys but this one is a bit shocking!
Circular out
Posting of Circular
Maistro Plc (AIM: MAIS) announces that the Circular and notice of General Meeting referred to in the Company's announcement of the 'Intended Cancellation of Admission' of 17 May 2019 is being posted to the Company's Shareholders today and will shortly be available on the Company's website at https://www.maistro.com.
The Company has received irrevocable undertakings from each of the directors and Charles Street International Holdings Limited to vote or procure votes in favour of the Resolutions, in respect of all Ordinary Shares held by each of them (or in which they are interested) on the date of the General Meeting which currently amounts to 229,276,206 in aggregate, representing approximately 55 per cent. of the issued share capital of the Company.
Accordingly, the Directors believe that it is likely that the Resolutions will be passed at the General Meeting.
I have owned shares since it was BLUR. Renaming a company did not change anything,
Worst burning i've ever had. After delisting i won't have to look at it again.
Good riddance!
If the bb was a bit busier I would have suggested a tally up of users holdings to see if we have the 25% required to reject it, seen it work on other shares before and it has sped things up, with the motion being cancelled before the gm
Hmm... 0.284 to buy now... moving up?
Getting 0.28p to buy now!
Will be very surprised if the II's here let the BOD take it private... they can easily block it, so will they? Price is about a quarter of what it was... so they cannot be at all happy with the situation!! Pressure must be building on the BOD.
Took another 500k, weird thing was it kept rejecting my order and next quote put the price up a tad, got it 3rd time. Halifax suck
every buy getting cheaper
£200k worth of shares forced them to stay listed.
all time low
watching very carefully
21.4 buy, 21.6 to sell!
From 40% Spread on Friday, to now 1%! It’s better now..
lot,s of blue
Live quoted : .216 sell v .225 buy.
L2
Peel on .18, 3 on .10
Other side
Sing at .25 rest at .4 to .6