Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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12 JUNE 2017 VORDERE PLC ("THE COMPANY") PUBLICATION OF PROSPECTUS AND RE-ADMISSION TO THE OFFICIAL LIST Following the Company's voluntary suspension from trading on 28 March 2017 when it announced that it had entered into letters of intent to acquire, subject to contract, several properties in Germany and which acquisition would constitute a reverse takeover under the Listing Rules (the "Acquisitions"), the Company is pleased to announce that it is also embarking upon an offer for subscription of up to 52,941,176 at 17p per share. Further details regarding the Acquisitions and offer for subscription are set out in a Prospectus issued by the Company today which has been approved by the UK Listing Authority and is available for viewing at the Company's website at: http://www.vordere.com. In contemplation of the completion of the Acquisitions and further to the issue of the Prospectus, the listing of the Company's existing 30,805,783 ordinary shares of nominal value 2p each ("Existing Shares") on the standard segment of the Official List of the United Kingdom Listing Authority and their trading on the main market of the London Stock Exchange plc will be cancelled. Immediately following that cancellation the Existing Shares will be re-listed pursuant to Listing Rule 5.6.21 and re-admitted to trading (the "Cancellation and Re-admission"), the Cancellation and Re-admission expected to take place on or around 15 June 2017.
Hello To All Acorn Growth Holders the New Name of Company is Vordere PLC and shortened Ticker is VOR if you wish to follow are Future Fortunes. .
Hi kvt123, Thanks a lot for reply and for being correct with regards to suspension, but more importantly THANKS for still posting as you are my eyes and ears on all things Acorn that also applies equally to polly1965 and oneandonly1 who always give valuable insights. Only need Hedgehog100 and will be like the good old days again !!!
I would imagine the suspension will endure until after the name change...gla
?
Why are the shares still in suspension ? will check Hargreaves Lansdown website.
Trades will be thinking one thing and MMs another!!
Tremendous news all resolutions been passed, lets see what tomorrow brings when we open again at 8.00 a.m.
I was thinking it was going to be more like 30p
Polly1965, THANKS a lot for your post below, you have raised some very valuable points especially with reference to gearing options for the future never thought of that parameter, this is beginning to look very solid and robust going forward, I would suggest a name change to ACORN GROWS and the best thing for me Polly1965 is that we are well under any ones radar at the moment. At this moment I am staunchly convinced this is going to be MASSIVE. Once again Polly1965 thanks for reply and that also applies to oneandonly1 who has also posted recent valuable points. Only need Hedgehog100 to post something that will put the icing on the ACORN (sorry cake !)
Apologies for the late reply. Yes I agree this is very positive news. A deal seems to have been all but agreed as there were no indications prior to this of a change of strategy to focus solely on property development in Germany, which in itself is a positive low risk investment. It also appears that the directors are remaining and that they have a strong conviction in pursuing the German property market as they have a vision of further acquisitions of property in addition to the named four properties. The change of name seems like a standard cash shell RTO procedure. For the price of 17p I believe they are confident of raising the total amount of £20m for the consideration shares. Cash shells need acquisitions for growth and what better way to begin than in property, which can later be used for gearing. Lets see what happens on the 25th!
The Company has today published a circular (the "Circular") convening a shareholder general meeting (the "General Meeting") to be held at No. 1, London Bridge, London SE1 9BG at 10.00am on 24 April 2017 at which resolutions will be put to Shareholders to approve the issue of further shares in the Company, the cancellation of the share premium account of the Company and a change in name of the Company.
Thanks a lot for all your posts below which have provided valuable information, its certainly looking all positive. Thanks again.
Acorn Growth plc ("the Company") Publication of Prospectus and Share Issue The company who bought these below IMO will make an offer of around 35p IMO which could increase if there more than one obviously. Acorn Growth plc has today published a prospectus (the "Prospectus") in connection with the allotment and issue and admission to trading of 16,517,778 new ordinary shares of £0.02 each at an issue price of 15p per share ("Initial Issue") and a further offer of up to 66,666,667 new ordinary shares of £0.02 each at an issue price of 15p per share.
Would certainly like to hear your thoughts on present situation if you still hold as your previous posts were always EXCEPTIONAL. Apologies for not mentioning your name on the subject line together with hedgehog100 and polly1965. Would be nice to hear your thoughts, my personal feeling is that we are on the march with this new Board which you accurately predicted in a previous post.
May get as much as 45p if they hold out
Cant find anything on ACORN official website about todays RNS very odd indeed.
Any views seems very positive.
RTO 9m
Acquired properties in Germany must be Brexit related !
Anyone post it please. showing bid and ask zero but HL shows its still trading
RTO was completed. Six months elapsed since and nothing, only a decline in share price. We desperately need good news to resurrect this current situation which has turned the company STALE.
Only thing happening here ?
Brennan and associates had 50 million to invest for years and did ZILCH, New BOD have had nearly 6 months and nothing, oh sorry a decline in share price is all they have done thanks. This company still states on website 50 million to invest in a project WHEN ???
Increase in price would be better.