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Someone is buying us out. I've got no more information than that. I don't know who they are or how much they intend paying us. I guess we might hear more on Monday
Hi Meldrew is that at a tongue in cheek remark or fact, I hope it's the latter and we at least get something out of this. Can you share the source or is that to sensitive.
Cheers Al
According to HL, who are now giving my shares a value again, although I'm not allowed to trade, AVO are in a bid situation. That's all the information I've got. It came through as the stock market was closing. It can only mean that someone is talking to AVO about a takeover bid. Whether it will come to anything is anyone's guess
Thanks for the heads up Meldrew44, we've been here for a long time so hopefully we'll at least get something back.
I've since read another notice that says AVO is involved in a takeover situation
Meldrew, was that in a conversation with someone at HL?I’m also with HL, my shares too have a value attached (though I haven’t noticed if this ever went to zero) but there’s no message about any takeover. Perhaps just someone misinterpreting the share suspension?
Yesterday evening HL briefly posted a notice that AVO was in a Bid situation. When I looked on HL after the market closed the notice was no longer there. However, a notice connected to a Reg issued by the Takeover Panel - Disclosure Table, but not part of the Table states that AVO is 'involved in a takeover situation.'
That's all the information I have. Make of it what you will.
Morning, if you surch avo @ HL under No change and market closed it says Bid situation hope this helps.
This was posted on the Take Over Panel Disclosure table week ending 19th January 2024:
OFFEREE: Advanced Oncotherapy plc
Offer period commenced: 07:00 18-Apr-2023
25p ordinary ISIN: GB00BD6SX109 NSI: 542,573,869
Senior secured fixed rate convertible loan notes 11 January 2024 ISIN: NSI: 6,379,725
No named offeror
It was perhaps because of this that HL restated the suspended share value. My own portfolios have continued to show share suspended.
CuriousInvestor6
My portfolio also continues to show the share suspended. The only thing that has changed is that my shares are now shown as having a value. Until last thing yesterday afternoon my shares had no value. So something seems to be happening.
M44- may I enquire the value your shares are showing per share?
Thanks in advance.
Driving I know I wasn't asked but mine have shown 1.925p from the day they were suspended and the value of my holding has never changed. That's with the Halifax, but then again it also doesn't say anything regarding a bid.
AP- same here(never changed)(best invest)
Thanks
HL started off by continuing to show the sp and the value of my shareholding at the time of suspension, then dropped both to nil for a couple of weeks. They reinstated both yesterday evening, coinciding with the announcement of AVO being involved in a bid/takeover situation.
HL are currently pricing my shares at 1.93p a share.
If a bid had actually been made then an RNS would have been issued, so I suspect this is just the Takeover Panel trying to properly represent the situation AVO is in, rather than anything concrete. Not sure how the Panel has reported the situation before now.
The following is how the disclosure panel has always reported AVO's situation ever since last April:
"OFFEREE: Advanced Oncotherapy plc
Offer period commenced: 07:00 18-Apr-2023
25p ordinary
ISIN: GB00BD6SX109 NSI: 542,573,869
Senior secured fixed rate convertible loan notes 11 January 2024
NSI: 6,379,725
OFFEROR: No named offeror"
The entry is still the same today
I believe that an RNS is only required if a formal bid is made or accepted. Negotiations about a bid may not require an RNS. I believe that the disclosure rules rules exempt the names of bidders from being disclosed when negotiations are taking place. The disclosure rules can be looked up by anyone who feels the need to find out.
If there is a takeover, would anyone have any clue as to what shareholders would get per share given the share price? I've never been in this situation before so would be interested to hear any thoughts.
I've no idea but I'll make a sort of guess. Given the potential value of LIGHT and the massive amounts the leading shareholders and some of the Bod have invested in AVO, my guess is that they'll probably try to get the highest price/best deal they can get. That might include getting some of the bidders shares . We should get the same sp as them and It might even mean we get some of the bidders' shares .
If the bid attracts other bidders then we might even see a bidding war. That could be good news for us.
We should know something before long .
This auto spell check should be banned....did you mean..... We are in a bad situation? Better laugh than cry!