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20% of it so at £/$ 1.3 maybe ~£330k back to shareholders from this, bit of cash in bank and few other bits and bobs to sell, maybe get the 0.1p back.
please feel free to correct me as not been in this situation before.
so fag packet cals/guess is we will get 0.0008 per share back ?
20% of $2.1m shared by 359m shares.
Any one agree or am i barking in the wrong forest ??
Mother - whatever
They Still have mollyworld a few others and then mother remaining cash in the bank to dish out too.
80/20 split preference shares and here .
I might even brake even
Lol that lasted long.
I smile for you mate.
$2m between here and preference shares.
Origo has sold its entire interest in Six Waves Inc., a Hong Kong based gaming company. The buyer was that company's majority shareholder. The cash consideration of USD 2,182,543 has been received. Origo had invested USD 240,000 in Six Waves Inc. in 2012 and had carried the asset at nil.
In accordance with Origo's previously announced strategy, Origo will return to shareholders all excess capital. Pursuant to the Company's Articles of Association, eighty per cent of any distributable amount will be paid to the holders of the Company's redeemable preference shares and twenty per cent of any distributable amount will be paid to holders of the Company's ordinary shares.
“Origo's interest in Moly World is being sold without any representations or warranties. Bids will be accepted until 5 January 2022.“
Going by The hive of activity In The share I expect that they were over run with offers.
One can dream.
Investment Update - Auction of Shareholding in Moly World Ltd
Origo hereby announces that it is putting up for auction its entire interest in Moly World Ltd ("Moly World"). Moly World is an unlisted BVI company that owns rights to mine molybdenum in Mongolia. Origo owns 20 per cent of Moly World's equity and has contractual rights to a board seat as well as other rights. According to the Company's former board's 2016 Annual Report: