Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I stand corrected, I guess somewhere along the line this noob made the assumption it was in relation to the vote.
It’s the bidco part of the take over, and in relation to bonds.
Yes that’s the process. No it’s not in relation to tomorrow.
Live and learn.
for clarity: tomorrow is the vote. but even if that's a yes, a judge still need to sanction the scheme. that won't be happening tomorrow or this week but by late march at the earliest when a hearing has been scheduled..
“Might” be a few price monitoring extensions though !!!
There could well be a suspension Liam but the scheme won’t be effective if it’s a no vote so that’s only possible AFTER the vote ???? Surely
yeah, but the effective date isn't tomorrow.
if the vote is yes, it will be a later date . last estimate was around the 31st of march.
afaik this thing will trade tomorrow.
Found it!
7th Feb. 13:40
“ De-Listing
Prior to the Scheme becoming Effective, it is intended that applications will be made to the London Stock Exchange to cancel trading in Sirius Shares on the London Stock Exchange's Main Market for listed securities and to the FCA to cancel the listing of Sirius Shares from the Official List, in each case to take effect on or shortly after the Effective Date. The last day of dealings in Sirius Shares on the Main Market of the London Stock Exchange is expected to be the Business Day immediately prior to the Effective Date and no transfers shall be registered after 6.00 p.m. on that date. On the Effective Date, share certificates in respect of Sirius Shares shall cease to be valid and entitlements to Sirius Shares held within the CREST system shall be cancelled.
It is also proposed that, following the Effective Date and after its shares are de-listed, Sirius will be re-registered as a private limited company pursuant to section 97 of the Companies Act. A resolution to approve the re-registration, which will be conditional on the Scheme becoming effective, will be proposed to Sirius Shareholders at the General Meeting.
The cancellation of: (i) trading in Sirius Shares on the London Stock Exchange's Main Market for listed securities; and (ii) the listing of Sirius Shares on the Official List, will not affect the listing of the Bonds.”
It will be suspended anyway. - I read it in an RNS.
The share will be suspended during day, I cannot recall if it’s all day, or part there of, too many RNS to go searching through now tho!
GL
Tomorrow or so rumour has it.
OR