George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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hsbc got my letter to me today and I already did it online as it was the easy and fastest way.
Corporate actions page now update for those with Halifax. Nice and easy tick a box and confirm option.
Please ensure you submit your option before 29 October 2020 23:59 to enable us to process your instruction in
accordance with the Company's current published timetable for this event. This timetable may change as explained
above.
Received a message back from HL that they will be issuing correspondence in the next 5 days - so we should know what the required actions are then. I’ll chase if I don’t hear anything.
Cheers Guys,
Had the corporate message from HL today about the SNG placing, expect the same when MWG/DeepVerge finalised/approved?
HSBC haven’t any idea or notification.
I’m also with HL Vulnax and haven’t heard anything. I’ve emailed them and I’ll report back what I hear.
Still heard nothing about this takeover/merger etc. and how I accept or otherwise.
Got a message in my trading account summary for my SNG placing offer, so expected something like that for this too? No e-mail, no internal message ( I use HL ).
Any ideas?
thank you
These documents usually say to consult with a professional if you're unsure of what it means, and I'm not one. But I'll tell you the situation I'm in and you can decide if your situation is the same.
DeepVerge Plc wants to merge with Modern Water and have offered me 1 DeepVerge share in exchange for every 10 Modern Water share I hold, because DeepVerge shares are currently around ten times the price of Modern Water shares. I'll be able to accept that offer via my online share dealing account. Other people's situations might be different. I assume there's a deadline but I don't know it off the top of my head.
Again, if you're unsure check with your broker or other investment advisor.
hi everyone , as i am a novice at this and hold about 4000 via X.O could someone please explain in simple terms what this is about .
Thanks
Yes, I haven't heard anything from HL yet either. Presume they will message share owners.
I think You should receive corporate action notification, Just need to accept.
FYI : may help those have account with II ; Just acceptEd the offer through II platform; Dvrg shares will be allocated on 23rd Nov.
My MWG shares are held by HL - will I need to contact them or will they just process the share swap?
Thanks
Different broker but I called around 11. They said they'd had notification but were awaiting some official documents from MWG. I got the impression it was only a day or two away but I don't remember them explicitly saying so. I imagine they'll all be notified at the same time.
I have account with II-interactive investor, so far nothing received, expecting corporate action . Hope I get that so don't have to call
HSBC are getting back to me as they’re confused as to why there isn’t an AGM or EGM. Anyway, it’s important to instruct whoever holds the shares you want them transferred.
You definitely wanna contact them and tell them you want your MWG shares transferred to DVRG
They should give you a yes/no question to respond to perhaps under a heading of something like corporate actions.
I hold shares in a Halifax share account will they be automatically transferred to
Deepverge or will I have to contact them. thx
I’ll be phoning HSBC shortly to get my shares exchanged for DVRG and hope everyone pulls their finger out and does the same!
The First Closing Date of the Offer is 3 November 2020.
To accept the Offer in respect of Modern Water Shares held in uncertificated form (i.e. in CREST), Modern Water Shareholders should follow the procedure for Electronic Acceptance through CREST so that the Transfer to Escrow (TTE) instruction settles as soon as possible and, in any event, not later than 1.00 p.m. (London time) on 3 November 2020. If Modern Water Shareholders hold any Modern Water Shares through a CREST sponsored member, they should contact their CREST sponsor as only their CREST sponsor will be able to send the necessary TTE instruction to Euroclear.
To accept the Offer in respect of Modern Water Shares held in certificated form, Modern Water Shareholders must complete the Form of Acceptance in accordance with the instructions set out in the Offer Document and on the Form of Acceptance. The completed, signed and (where applicable) witnessed Form of Acceptance must be returned, together with relevant document(s) of title for their Modern Water Shares, to the Receiving Agent, Neville Registrars, at Neville House, Steelpark Road, Halesowen, B62 8HD by post or (if between 9.00 a.m. and 5.00 p.m. (London time) Monday to Friday (excluding public holidays in England and Wales)) by hand as soon as possible and in any event so as to be received by no later than 1.00 p.m. (London time) on 3 November 2020.
What a marathon. https://www.londonstockexchange.com/news-article/DVRG/publication-of-offer-document-rule-15-letters/14718618 The Offer Document is finally published, with first closing on 3rd November.