The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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All that time wasted...not good and they said that these guys were smart...well i am not so sure...18mths and zero
Smarttech247 - update
As previously announced, Conduity Capital has been actively progressing a reverse takeover ("RTO") of Smarttech247, a global managed detection and response company with a leading market position in security operations.
Following the outcome of initial marketing, Smarttech247 has now decided that it would be preferable for them to seek a quotation by way of a direct IPO rather than by way of an RTO with Conduity and so will be seeking a listing on AIM in Q4 2022.
The Board of Conduity continues to believe that Smarttech247 represents an attractive investment opportunity and therefore Conduity is in the process of agreeing a refund of all costs that it has incurred to date in connection with the RTO, which would then be used to subscribe for new shares in Smarttech247 on the IPO. This should therefore still provide Conduity and its shareholders with a material investment in Smarttech247, whilst providing a full recovery of costs incurred by Conduity as part of the RTO process.
Going forward, Conduity will be working on various options with its advisers in order to create value and liquidity for its shareholders.
A further update will be provided in due course.
RNS pending, news will be out this week.
‘Negotiations’ ongoing but Capital Raise was done without CCAP knowledge which is a spanner in works.
Well a lot worst things could happen than having shares in Smartec...up and coming company...we will see soon it appears
It's possibly not good. On the other hand, the IPO was announced last week and yet there's still been no RNS. All there's been is some hints that 'negotiations' are ongoing. At the moment, no one knows what the outcome will be. It's possible I suppose that we all end up with shares in an IPOed Smartech.
So whats the most likely outcome as i cannot get on the telegram grp...oh dear it does not at first sight look very good for us then
Not everyone lives in the UK so different time zones. I don't.
In a nutshell, the RTO has stalled because smartech announced they were going for their own IPO instead. Since then there's been intense negotiations and we should have an RNS very soon. Smartech have to riase 3m by end of this week if they're to pursue their own IPO.
Check the Telegram group 'CCAP you've been Gregg'd' for info.
how is that a thought at 3.56am?
Anyone heard anything about the relisting? No update from the company for months…
Looks like smartech are IPOing and we have been shafted.
It does make you wonder....only good thing they may just relist when market sentiment is improving
What are they buying - a country?! FFS.
Main page ??
https://conduitycapital.co.uk/
Proxy form was here:
https://conduitycapital.co.uk/wp-content/uploads/2022/07/CCAP-AGM-Proxy-2022-Final-revLAW1.pdf
Publications, including AGM’s here:
https://conduitycapital.co.uk/publications/
Found the resolutions here:
https://conduitycapital.co.uk/wp-content/uploads/2022/07/CCAP-AGM-Circular-2022-FinalrevLAW2.pdf
If i knew where to find the RNS i could tell you
What were the resolutions that were passed?
i wasnt there I only saw the rns, which stated below.
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Result of Annual General Meeting
The Board of Conduity Capital announces that at its Annual General Meeting held earlier today, all resolutions were duly passed with the requisite majority.
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I think (hope) its going to be early / mid September, but who knows.
Expect to hear relisting news, should be sometime in September.