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We appear to be close to getting something back and with a bit of luck a significant return. It appears to have become very complex in achieving the goal of Sentiance and the online/offline media platform. Mesh.AAA et al seem to have been the vehicle to propel us. I am constantly sitting here wondering/speculating where our Mesh shares will end up?
Taken from the RNS:
‘Furthermore, the Directors believe the opportunity to generate significant incremental shareholder value means that the Company will be better suited to being listed, in due course, on an alternative international exchange.’
Looks like they are delisting and potentially relisting in the future. Given the massive valuations of tech firms in America, I wouldn’t rule out an appearance on the Nasdaq.
Nice find Sharpnet, thanks for sharing. Lets see what MESH announce!
80p to £1 relist then. The rumours were true!
In case anyone has missed it...
https://www.lse.co.uk/rns/AAA/proposed-placing-proposed-acquisition-and-update-n5kr46ufi10x5zr.html
This is interesting.... "AAA is proposing to allot and issue 500 million new AAA ordinary shares ('the Consideration Shares') to MESH or as MESH directs. " Does this mean approx 2 AAA shares for 1 Mesh?...or something else?
Maybe they realised the original maximum 84% was well out of reach, not enough cash, but believe Sentiance was too good to miss out so had to reach out for a partner, and AAQUA realised they could gain from MESH by offering to help. Not thrilled how this is panning out, but still better than losing 100%.
Reading this looks like daylight robbery by AAQUA of the original agreed MESH shareholders stake in Sentiance.
Feel free to ring Richard Oldworth / Chris Lane / Toto Berger regards their news as below and lack of update.
T: +44 (0) 207 466 5000
E: MESH@buchanan.uk.com
Posted 9th March -
"Update on agreement by MESH and AAQUA to acquire Sentiance
Further to its announcement of 15 February 2021, MESH Holdings plc ('MESH') and AAQUA BV ('AAQUA') have mutually agreed to amend the sale and purchase agreement (‘the Original SPA') to acquire Sentiance NV ('Sentiance’).
Under the revised agreement (‘the Revised SPA’), 100% of Sentiance will still be acquired by AAQUA and MESH, but in different proportions. AAQUA will now acquire a significant majority equity holding in Sentiance, rather than the 20% envisaged under the Original SPA. Material progress on the Revised SPA has been made and completion is expected by 31 March 2021.
A further announcement will be made following completion."
For further information:
Richard Oldworth / Chris Lane / Toto Berger
T: +44 (0) 207 466 5000
E: MESH@buchanan.uk.com