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https://polaris.brighterir.com/public/blenheim_natural_resources/news/rns_widget/story/x2n13mx
Annual report RNS
ah found it.
can you post a link please Ismalia?
The numbers are out but not on this Board
No JD, I have not seen anything yet and I wonder if things will be held up due to current events. Having said that the acquisition should be good for us and should get a fair following. A couple of months perhaps?
To confirm
TSI confirms that it has agreed terms for an acquisition of BrandShield Ltd ("BrandShield") in a share for share offer, and is in the advanced stages of finalising an accompanying equity raise.
Anyone heard any more news on this since? Nothing new on their website/twitter etc
Is it not the other way around?
1 Event - Thu, 17 Sep 2020
BrandShield Ltd. agreed to acquire Two Shields Investments Plc (AIM:TSI) in a reverse merger transaction.
BrandShield Ltd. agreed to acquire Two Shields Investments Plc (AIM:TSI) in a reverse merger transaction on September 17, 2020. Under the terms of agreement, the consideration has been made as share for share offer. The acquisition is subject to the finalization and signing of a share purchase agreement and placing agreement. Neil Baldwin and Andrew Emmott of SPARK Advisory Partners Limited acted as a financial advisor to Two Shields Investments in the transaction.
1 Event - Thu, 17 Sep 2020
BrandShield Ltd. agreed to acquire Two Shields Investments Plc (AIM:TSI) in a reverse merger transaction.
BrandShield Ltd. agreed to acquire Two Shields Investments Plc (AIM:TSI) in a reverse merger transaction on September 17, 2020. Under the terms of agreement, the consideration has been made as share for share offer. The acquisition is subject to the finalization and signing of a share purchase agreement and placing agreement. Neil Baldwin and Andrew Emmott of SPARK Advisory Partners Limited acted as a financial advisor to Two Shields Investments in the transaction.
No doubt we will get a massive Introduction document ahead of the meeting giving us full details of BrandShield, together with projections etc. So I guess it will be several weeks before our shares are restored and I wonder if there will be a share consolidation and if we can participate in any additional raise. Don't know anything about BS regarding history and current or recent trading but no doubt this will all be forthcoming in the document. Many someone on this board can provide a bit more information that is not already on our website.
Hi Ismalia, yes aware of these factors. I guess the key point here as I understand it, is that under AIM rule 14 the shareholders need to consent to the take-over at a general meeting. Not sure of the rules, whether it is an ordinary resolution (50%) or special resolution (75%) and/or whether the shareholders that can vote are those deemed to be 'independent' of the transaction. However I take some comfort that our position will be protected and we should do okay out of this? I'll certainly keep my eye on this!!
Also the CEO of BS has recently joined the Board of WeShop.
BrandShield want the quote and TSI looks to be the vehicle. Interestingly we already have some 20pc so I'm not expecting too much dilution. We also have an interest in WeShop and I think we could see them joining the group once BS has been digested. Also we have some very valuable resourse investments which should be sold off in the coming months.
I'm a long-term holder here with 6m shares. originally bought it for the lithium prospects, and since held it for the BrandShield prospects. It's been a painful ride. Hard to tell if I'll get some upside out of this? Or will they capital raise and dilute the existing holders? Would appreciate if anyone has any insights?
I wish LSE would introduce a system that flags up any RNS that arrives during the day. At the moment you have to trawl through each holding in your portfolio to make sure you don't miss any late RNS
Reverse TO of Brandshield trading suspended
Tsi, whats going on here then? Why the new page?